California to Seize Idle Bitcoin on Exchanges

Posted: 2025-06-05 07:34:48 UTC

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#Bitcoin

#California

#Regulation

#Custody

#UnclaimedProperty

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This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.

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In Progress

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Last Updated

2025-06-05 07:35:19 UTC

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Rollup News

California has passed a bill that allows the state to seize Bitcoin left idle on exchanges for three years under 'Unclaimed Property' laws.

Bitcoin seizure by the state

Unclaimed Property laws application to cryptocurrency

Custodial risk for Bitcoin holders

Risk of losing Bitcoin due to inactivity on exchanges

State intervention in cryptocurrency ownership

Custodial risks associated with leaving Bitcoin on exchanges