Global Regulatory Updates Advance Crypto Integration and Unclaimed Asset Management
Global Regulatory Updates Advance Crypto Integration and Unclaimed Asset Management
Virginia has enacted new legislation to incorporate digital assets into its unclaimed property rules, requiring in-kind transfers and setting limits on state sales. Simultaneously, Pakistan's central bank has lifted its longstanding restrictions, now allowing banks to service licensed virtual asset service providers, indicating a significant shift towards a regulated crypto framework.
Virginia signed a law bringing digital assets into unclaimed property rules, requiring in-kind transfer and limiting how quickly the state can sell them.
Pakistan’s central bank has allowed banks to open accounts for licensed virtual asset service providers, ending years of restrictions and marking a shift toward a regulated framework.