Modernizes West Virginia's Unclaimed Property Act to include digital financial assets.

West Virginia SB1069 updates the Uniform Unclaimed Property Act to include digital financial assets, such as cryptocurrency and virtual currency, while maintaining existing processes and notice requirements. The bill defines digital financial assets and mandates their preservation in native form by the State Treasurer for a minimum of three years. Holders of abandoned digital assets must report and deliver these assets to the State Treasurer, either in their native digital form or as liquidated cash proceeds.

Modernizes West Virginia's Unclaimed Property Act to include digital financial assets.

West Virginia SB1069 updates the Uniform Unclaimed Property Act to include digital financial assets, such as cryptocurrency and virtual currency, while maintaining existing processes and notice requirements. The bill defines digital financial assets and mandates their preservation in native form by the State Treasurer for a minimum of three years. Holders of abandoned digital assets must report and deliver these assets to the State Treasurer, either in their native digital form or as liquidated cash proceeds.