Pennsylvania HB2736 amends the Fiscal Code to include digital assets in the definition of abandoned and unclaimed property.

HB2736 amends the Fiscal Code to include digital assets in the definition of abandoned and unclaimed property. Digital assets are defined as digital representations of value recorded on a cryptographically secured distributed ledger. Digital asset holders must attempt to contact digital asset owners within one year if the assets are presumed abandoned. If contact is unsuccessful, digital assets must be reported to the State Treasurer. The State Treasurer may direct digital asset holders to liquidate the assets or hold them in a Treasury-owned account.

Pennsylvania HB2736 amends the Fiscal Code to include digital assets in the definition of abandoned and unclaimed property.

HB2736 amends the Fiscal Code to include digital assets in the definition of abandoned and unclaimed property. Digital assets are defined as digital representations of value recorded on a cryptographically secured distributed ledger. Digital asset holders must attempt to contact digital asset owners within one year if the assets are presumed abandoned. If contact is unsuccessful, digital assets must be reported to the State Treasurer. The State Treasurer may direct digital asset holders to liquidate the assets or hold them in a Treasury-owned account.