Va. Code § 6.2-202: Issuance of currency and related prohibited acts

A. No individual or entity, unless authorized by law, shall:1. Issue any note, bill, scrip, or other paper or thing with intent that the same be circulated as currency; or2. Otherwise deal, trade, or carry on business as a bank of circulation.B. All contracts made for forming any entity to engage in any activity prohibited by subsection A shall be void.1987, c. 622, § 6.1-330.52; 2010, c. 794.