A lawsuit in New York, USA is sparking discussions about the ownership of “dormant Bitcoin.” The case concerns whether long-inactive crypto assets should be considered “unclaimed property” and be taken over by state governments. As multiple U.S. states move forward with relevant regulatory frameworks, the legal ownership and custody of dormant crypto assets are drawing increased attention. (Cointelegraph)

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StardustRouter
· 5h ago
Long-term holders are the most hurt, constantly having to prove they're alive.
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BridgeBurner
· 5h ago
Multiple states advancing simultaneously, it seems there is coordination behind the scenes.
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BridgeHopHarper
· 5h ago
Applying unclaimed property laws to private keys is a bit of a stretch.
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GasFeeSensitivity
· 5h ago
This case's ruling will impact the entire custodial industry.
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TreatEarningsAsSnacks
· 5h ago
Why should my coins be considered unclaimed if I leave them untouched for ten years?
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FeeTaker
· 5h ago
The legal lag is too obvious in the crypto space.
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GateUser-7a050ee5
· 5h ago
Does the state government want to incorporate dormant coins? Then it must first define what constitutes dormancy.
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CatPawTapToConfirm
· 5h ago
If that really happens, I’ll also need to activate my cold wallet periodically.
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