News & Analysis as of

Regulatory Oversight Pennsylvania State and Local Government

Sheppard Mullin Richter & Hampton LLP

Pennsylvania to Require Licenses for Virtual Currency Transmitters

On June 27, Pennsylvania enacted Senate Bill 202, which significantly expands the Commonwealth’s Money Transmitter Act (MTA) to include virtual currency transmission. Under the amended law, transmitting virtual currency is...more

Troutman Pepper Locke

Pennsylvania AG Sues Robotics Toy Company for Alleged Failure to Fulfill Prepaid Orders

Troutman Pepper Locke on

In September, Pennsylvania Attorney General (AG) Michelle Henry filed a lawsuit against Pittsburgh-based Digital Dream Labs, Inc., and its CEO, Harold Jacob Hanchar, individually and in his capacity as CEO. In the lawsuit,...more

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