Virginia updates law to hold unclaimed crypto in-kind for at least one year

Virginia updates law to hold unclaimed crypto in-kind for at least one year

0.91%TRX$0.3217 0.14%LINK$9.13 0.37%ADA$0.2416 0.68%BCH$435.58 0.87%XRP$1.36 0.47%ETH$2,335 1.59%BTC$74,166 0.28%XMR$340.80 2.71%BNB$619.83 0.50%XLM$0.157 0.68%SOL$83.55 2.71%HYPE$44.22 1.30%USD Written by Amin Haqshanas,Staff WriterReviewed by Bryan O'Shea,Staff EditorVirginia updates law to hold unclaimed crypto in-kind for at least one year58 minutes agoVirginia signed a law bringing digital assets into unclaimed property rules, requiring in-kind transfer and limiting how quickly the state can sell them. The US state of Virginia has approved changes to its unclaimed property framework, bringing digital assets under state custody rules while limiting how soon those assets can be sold. On Monday, Governor Abigail Spanberger signed House Bill 798 into law. The measure amends the state’s Disposition of Unclaimed Property Act, requiring custodians of unclaimed crypto to transfer those asse

Source: https://cointelegraph.com/news/virginia-updates-law-in-kind-crypto-custody-delay-liquidation-one-year?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound