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Assets left unclaimed in California could soon be seized by the state

The California assembly passes AB 1052 that allows the state to seize Bitcoin left unclaimed for 3 years.The California State Assembly has passed Assembly Bill (AB) 1052 with a 69-0 vote that mandates the state to seize Bitcoin and other cryptocurrencies left unclaimed for 3 years.Now, the Senate will vote on the bill.Introduced by Democrat member Avelino Valencia, the bill includes digital assets, including virtual currencies, cryptocurrencies, or other digital-only assets in the already existi...

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