US State Wants to Legally Seize Unclaimed Cryptocurrencies Left at Custodians

The U.S. state of Illinois has advanced a bill to consider unclaimed cryptocurrencies at custodians abandoned after five years. The coins will then be liquidated and the proceeds remitted to the State Treasurer. The cryptocurrency owners will have no recourse against the custodians or the state. Also read: US Lawmaker Introduces Crypto-Currency Act of 2020 […] The post US State Wants to Legally Seize Unclaimed Cryptocurrencies Left at Custodians appeared first on Bitcoin News.