Effective August 6, 2021, Illinois amended its unclaimed property law to include cryptocurrency. SB 338, Public Act 102-0288, was approved by the Governor and became law the same day. Under the unclaimed property law, “virtual currency” is presumed unclaimed after 5 years of no indication of interest by the apparent property owner. The new law amends the definition of “virtual currency” to specifically include “cryptocurrency” or “a form of digitally stored value, which does not have legal tender status recognized by the United States.” Once virtual currency is abandoned, the holder must liquidate the virtual currency and turn it over to the administrator. However, the virtual currency owner has no recourse to recover any gain in value against the holder who liquidated the virtual currency.