🚨JUST IN: RUSSIA’S LARGEST BANK SBERBANK LAUNCHES BITCOIN-L | BSCNews on Binance Square

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🚨JUST IN: RUSSIA’S LARGEST BANK SBERBANK LAUNCHES BITCOIN-LINKED STRUCTURED BONDS

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🚨UPDATE: SINGAPORE HIGH COURT REJECTS WAZIRX’S RESTRUCTURING PLAN FOLLOWING ITS $230M EXPLOIT LAST YEAR

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CALIFORNIA CAN CLAIM IDLE CRYPTO AFTER THREE YEARS OF INACTIVITY - California’s Assembly passed AB-1052 in a 78-0 vote, classifying inactive crypto held on exchanges as unclaimed property after three years without owner activity. Key Details: - Under the bill, inactivity means no transactions, deposits, withdrawals, or account access for three years. - The state can claim these idle crypto assets but must hold them with a licensed custodian, not liquidate them. - Owners can reclaim their Bitcoin or other tokens later in their original form. This is meant to protect investors from forced sales without consent. - AB-1052 also allows Californians to accept crypto as payment for goods, services, and private transactions. - The law aims to bring digital assets under existing unclaimed property rules, like those for bank accounts or safe deposit boxes. - Critics argue it threatens privacy and encourages reliance on exchanges, undermining Bitcoin’s core ethos of self-custody. - Supporters say fears of permanent seizure are overblown and highlight that most states already have similar laws. - Lawyer Hailey Lennon confirmed unclaimed property laws are common and exchanges comply with them, returning assets when owners claim them. - If signed, the law takes effect July 1, 2026, requiring crypto businesses in California to be licensed by the Department of Financial Protection and Innovation (a). - This agency also oversees a related bill, AB-1180, allowing the state to accept crypto payments.

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🚨JUST IN: YZI LABS ANNOUNCES INVESTMENT IN OPEN SOURCE HARDWARE WALLET FIRM @ONEKEYHQ

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🚨JUST IN: YZI LABS ANNOUNCES INVESTMENT IN OPEN SOURCE HARDWARE WALLET FIRM @ONEKEYHQ

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🚨JUST IN CALIFORNIA ASSEMBLY PASSES AB 1052 CLASSIFYING INACTIVE CRYPTO AS UNCLAIMED PROPERTY

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