State to go after crypto and law firms in unclaimed assets' hunt

Bitcoin tokens. [iStckphoto]

Law firms and crypto-currency platforms are the next target of Unclaimed Financial Assets Authority (UFAA) as the State agency embarks on implementing its third five-year strategic plan.

The authority has also set its eyes on government departments and agencies, courts and telcos that hold mobile money balances. It notes in particular how government departments have not been surrendering unclaimed financial assets they are withholding.