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Home > Acquisitions > Illinois amends unclaimed property law to include cryptocurrency
Aug31 - 21

Illinois amends unclaimed property law to include cryptocurrency

Effective August 6, 2021, Illinois amended its unclaimed property law to include cryptocurrency. SB 338, Public Act 102-0288, was approved by the Governor and became law the same day. Under the unclaimed property law, “virtual currency” is presumed unclaimed after 5 years of no indication of interest by the apparent property owner. Read the complete article here.

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