Virginia Requires One-Year Hold for Unclaimed Crypto Assets - CoinMarketCap
Virginia now requires a one-year holding period for unclaimed crypto assets before they can be escheated to the state, impacting custodians and exchanges.
Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on July 8, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Medium urgency. Crypto exchanges, brokers, and custodians operating in Virginia should confirm how it applies to their specific situation before acting. There is a time constraint attached: Immediately; compliance with new state law effective upon enactment.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Crypto & DeFi Tax Reporting continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Virginia mandates a one-year hold on unclaimed crypto assets before reporting and transferring them as unclaimed property.
Who it affects
Crypto exchanges, brokers, and custodians operating in Virginia
What you must do
Update unclaimed property procedures to include a one-year holding period for crypto assets and adjust reporting timelines.
Deadline
Immediately; compliance with new state law effective upon enactment.
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