Cryptocurrency Q&A
How long can you hold money in trust?
How long can you hold money in trust?
Sara
Fri Feb 07 2025
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6
answers
1502
I'm wondering about the duration for which funds can be kept in a trust account. I want to understand the time limit or if there's any restriction on how long money can stay in a trust.
6 answers
SkyWalkerEcho
Sun Feb 09 2025
Money held in a trust account by a licensee for more than two years is categorized as unclaimed trust money.
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DaeguDiva
Sun Feb 09 2025
The duration of two years serves as the benchmark for determining if trust funds are considered unclaimed.
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HanbokElegance
Sun Feb 09 2025
Licensees are responsible for managing trust accounts and identifying funds that meet this criterion.
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Chiara
Sun Feb 09 2025
The classification of trust money as unclaimed does not depend on the amount involved.
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Lorenzo
Sat Feb 08 2025
Both small and large sums of money can be deemed unclaimed if they remain in a trust account for more than two years.
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