What's New

Coverage for Virtual Currency APL Section 1319

Legislation was enacted to amend New York State’s Abandoned Property Law (APL), adding Section 1319 Unclaimed Virtual Currency.  

  • Virtual currency is defined in 23 NYCRR Section 200.2(p).
  • Unclaimed units of virtual currency are subject to a five-year dormancy period (which begins on November 22, 2022 for the first report for this new type of property). Unclaimed cash balances in virtual currency wallets (fiat) continue to be subject to a three-year dormancy period with a December 31st cut-off period and report due date of March 10th under Section 1315.
  • Holder due diligence, by mailing notices to the owners of record, is required under APL Section 1422.
  • Identify unclaimed virtual currency using June 30th as the cut-off date, and report and deliver unclaimed virtual currency by the following November 10th.

Contact [email protected] for specific instructions to deliver unclaimed virtual currency.

Manual Online Reporting (MOR) eLearning Video

A new eLearning video is now available on the eLearning Videos and Resources page of our website, the Manual Online Reporting Video. This video demonstrates how to complete and submit your report of abandoned property using Manual Online Reporting.

New Regulation for Publication of Owners of Abandoned Property

2 NYCRR Section 157.1 was adopted on September 02, 2026 to clarify that all holders who are required to publish the names of owners of abandoned property publish the names in alphabetical order by last name.