Cryptocurrency Presents Puzzle For Unclaimed Property Laws

Law360 (August 27, 2019, 1:49 PM EDT) -- As the use and acceptance of blockchain technology continue to grow, state legislators and unclaimed property administrators are starting to recognize and capitalize on the potential revenue generation associated with the widespread use — and misuse and abandonment — of virtual currencies.

On June 13, New York became the most recent state to propose amendments to its abandoned property law providing for escheatment of unclaimed virtual currencies. This proposed legislation is consistent with the ongoing trend among the states to expand the scope of their unclaimed or abandoned property laws, resulting in increased revenues to the states as unclaimed property, more...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS