US EditionCalifornia Can Seize Your Crypto After 3 Years
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California Can Seize Your Crypto After 3 Years
Imagine waking up one morning to discover your carefully held Bitcoin stash—untouched for years—is now under the custody of the State of California. It may sound dystopian, but it’s a scenario that’s inching closer to reality. Under Assembly Bill (AB) 1052, which recently passed the California State Assembly with unanimous support and is now being considered by the Senate, any cryptocurrency left inactive in a custodial account for three years c…
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