gollum wrote:If I buy some cryptocurrency, then forget about it. Does someone (i.e., the issuer) report it to the State as Abandoned Property? And later pay its value to the State as Abandoned Property?
Perhaps, if you left it in an account controlled by an organization or exchange.
If you transferred it into your wallet, then it stays in your wallet until you (or someone else who has access to your wallet) transfer it elsewhere.
gollum wrote:Who is the Issuer?
Whoever you bought it from.
gollum wrote:If the buyer never redeems his cryptocurrency does the entire issuance become profit to the Issuer?
Perhaps, if you left it in an account controlled by an organization or exchange.
If you transferred it into your wallet, then it stays in your wallet until you (or someone else who has access to your wallet) transfer it elsewhere.
gollum wrote:Does the Department of Abandoned Property of the relevant State take action to cause the Issuer to pay the proceeds to it?
Perhaps, if you left it in an account controlled by an organization or exchange.
If you transferred it into your wallet, then it stays in your wallet until you (or someone else who has access to your wallet) transfer it elsewhere.
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