Arizona Provides Process for Deeming Digital Assets Abandoned Property

May 15, 2025, 7:48 PM UTC

The Arizona Governor signed a law concerning unclaimed property and virtual currency. The law includes establishing a process to deem digital assets as abandoned property and for a holder to deliver the abandoned property to the Department of Revenue. The law takes effect 91 days after the end of the legislative session. [H.B. 2749, enacted 05/07/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.

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