United States of America: Unclaimed Property Law Amendment
Progress
Current status
under deliberation
06 Aug 2021 under deliberation
Scope
Implementers
United States of America
Policy Area
Instrument unspecified
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
Government Body
parliament
Implementation Level
subnational
Timeline of events
Amendment to Unclaimed Public Property Law to include Cryptocurrency
On 6 August 2021, the Unclaimed Property Law Act of the US State of Illinois is amended. The amendment became effective on 6 August 2021. It now includes cryptocurrency, meaning that any digital currency is considered unclaimed after 5 years of unin…
SourceEvent type
law
Action type
amendment
Government branch
legislature
Government body
parliament