Maine state treasurer to focus on abandoned crypto accounts
The Office of the Maine State Treasurer issued a program evaluation report in November with the intention to prioritize the management of abandoned cryptocurrency accounts. Unclaimed crypto currencies continue to be a well-known issue in the industry, especially in the Ethereum ecosystem, where millions are believed to lay in unclaimed presale wallets. Cryptocurrency as an emerging issue The emerging issues section of the report shares that although their office doesn’t handle crypto currency, other programs like unclaimed property may consider abandoned crypto currency accounts . The section clarifies their current statutes leave the office without clear authority to recover crypto assets, but it is likely they “may want to do so in the future.” You might also like: Wyoming Legislators Propose a Bill Seeking to Issue a State-Backed Stablecoin The government website states that at present, they are holding $328,383,120 in unclaimed assets, although the amount that woul...