This can't be real

[YOSHIE]

Anyone from California can easily confirm it, I have no one living in California but other states in USA.

Sometimes government regulations like to make strange rules for crypto users, those of us who see it are sometimes annoyed, but what's even more strange is that they are actually adopting it on a large scale as a reserve asset, who knows what the parliaments are thinking while sitting on top of it? the chair rotates.

However, in my Asian country there are currently no strange policies issued by the government regarding rules for Bitcoin or crypto users, for now it is still business as usual, I hope these strange rules do not spread to my country, if it happens in California, that's enough there, but I hope it's not true, I hope it's hoax news, aka fake news.

[PostQuantumBTC]

Sometimes government regulations like to make strange rules for crypto users, those of us who see it are sometimes annoyed, but what's even more strange is that they are actually adopting it on a large scale as a reserve asset, who knows what the parliaments are thinking while sitting on top of it? the chair rotates.

However, in my Asian country there are currently no strange policies issued by the government regarding rules for Bitcoin or crypto users, for now it is still business as usual, I hope these strange rules do not spread to my country, if it happens in California, that's enough there, but I hope it's not true, I hope it's hoax news, aka fake news.

It is a very good rule in disguise, maybe it will let people learn that self hosted wallets should be what they should go for.

Another thing is that if the government does not claim the coins, what if the person that owns the account on the exchange have died and the exchange will later claim the coins.

[Natalim]

Another thing is that if the government does not claim the coins, what if the person that owns the account on the exchange have died and the exchange will later claim the coins.

I haven’t read everything yet, but when the government says they can claim deposits that are untouched for a number of years, does that mean ownership already transfers to them? And if the owner shows up later, they can no longer claim it?

It feels like they’re treating exchanges the same way as banks, where dormant accounts get closed and the funds are eventually forwarded to the treasury. That’s really not how Bitcoin was supposed to work.

This just shows that keeping funds on an exchange isn’t ideal for long-term holding, since they clearly have rules against inactivity. Better to learn how to secure our own wallets and use exchanges only for quick trades. That feels a lot safer, especially with how greedy governments can be.

[PostQuantumBTC]

I haven’t read everything yet, but when the government says they can claim deposits that are untouched for a number of years, does that mean ownership already transfers to them? And if the owner shows up later, they can no longer claim it?

This is how it would be, anyone that come to claim his coins, his coins will be given back to him. But I think the exchange would have sent email to the person about it.

This just shows that keeping funds on an exchange isn’t ideal for long-term holding, since they clearly have rules against inactivity. Better to learn how to secure our own wallets and use exchanges only for quick trades. That feels a lot safer, especially with how greedy governments can be.

This is exay what this thread should be about, a warning to people to use self-hosted wallet and not to leave coins on exchanges more than few hours if the coins are idled.

[Natalim]

I haven’t read everything yet, but when the government says they can claim deposits that are untouched for a number of years, does that mean ownership already transfers to them? And if the owner shows up later, they can no longer claim it?

This is how it would be, anyone that come to claim his coins, his coins will be given back to him. But I think the exchange would have sent email to the person about it.

That’s actually a normal procedure, they’ll send an email notification saying the coins were already taken and transferred to the government.

What I’m not clear about is how they classify this as “unclaimed,” compared to users who intentionally leave their Bitcoin on an exchange for long-term holding. Those aren’t really the same thing.

Three years feels way too short for that. Maybe they’ll adjust it to something like 10 years, that would make more sense.

[AprilioMP]

Can someone please confirm if this is real? Someone close sent me this news this morning that you can't keep holding your coins for three years straight untouched anymore, the law will claim it.



This can't be real right?  Right now I believe this is some made up nonsense, and if it's real we are all f

Anyone from California can easily confirm it, I have no one living in California but other states in USA.

To protect people's funds, it would be better if they made strict and clear rules that assets stored on exchanges would be confiscated, because exchanges are not places for storing assets. Exchanges are only places for buying and selling.
A good place to store large amounts of assets is a hardware wallet. If this has already been confirmed, then other countries can follow California's lead on this.

[nullama]

Can someone please confirm if this is real? Someone close sent me this news this morning that you can't keep holding your coins for three years straight untouched anymore, the law will claim it.



This can't be real right?  Right now I believe this is some made up nonsense, and if it's real we are all f

Anyone from California can easily confirm it, I have no one living in California but other states in USA.

Even if it is real, there is no way to enforce it, really.

How would they know the owner of a specific address?

Even if they know who is the owner, they don't have the keys, so they won't be able to sell them.

Makes no sense, really.

[PostQuantumBTC]

What I’m not clear about is how they classify this as “unclaimed,” compared to users who intentionally leave their Bitcoin on an exchange for long-term holding. Those aren’t really the same thing.

Three years feels way too short for that. Maybe they’ll adjust it to something like 10 years, that would make more sense.

Yes, the period of time the coin should be left on exchanges by people is too short, but is it not good? It is good to me because it will teach people that self-hosted wallet is the best way.

[Rustam Meraj]

I haven’t read everything yet, but when the government says they can claim deposits that are untouched for a number of years, does that mean ownership already transfers to them? And if the owner shows up later, they can no longer claim it?

It feels like they’re treating exchanges the same way as banks, where dormant accounts get closed and the funds are eventually forwarded to the treasury. That’s really not how Bitcoin was supposed to work.

This just shows that keeping funds on an exchange isn’t ideal for long-term holding, since they clearly have rules against inactivity. Better to learn how to secure our own wallets and use exchanges only for quick trades. That feels a lot safer, especially with how greedy governments can be.

Most governments in 2026 would think of crypto exchanges as banks by process known as escheatment where accounts that go unused within three to five years are reported as left behind and are moved to state money office. Sadly, this can often lead to exchange being made to sell your Bitcoin in cash after which you can get back this money in future, but you are only paid cash price at which it was sold and no longer get price increases.This system is against real meaning of Bitcoin.
Idea that governments are able to make sale of your Bitcoin because you have not logged in is huge break of property rights. It shows that money in exchange is never yours. In my opinion, all people need to know how to do own keeping as fast as possible, as price of Bitcoin will go up, and government is likely to have new reasons to take stuck money out of wallet, under the cover of law.

[Hyphen(-)]

Three years feels way too short for that. Maybe they’ll adjust it to something like 10 years, that would make more sense.

To be fully free from all these dramas of laws and tax related to untouched investments for some period of time, avoid leaving your coin in centralized exchanges that will request for KYC because the government will have the right to get your details from them and will get ti control your assets which should not be taken since it’s your personal savings.

Always remember that “not your keys, not your Bitcoin”. If you can be responsible to hold your seed phrase and have your Bitcoin in your personal wallet, you don’t have problem with anyone.

[BlackBoss_]

To be fully free from all these dramas of laws and tax related to untouched investments for some period of time, avoid leaving your coin in centralized exchanges that will request for KYC because the government will have the right to get your details from them and will get ti control your assets which should not be taken since it’s your personal savings.

Always remember that “not your keys, not your Bitcoin”. If you can be responsible to hold your seed phrase and have your Bitcoin in your personal wallet, you don’t have problem with anyone.

When leaving coins at centralized exchanges, your coins can be lost anytime by an exchange hack, an exchange bankruptcy, a scam exit, and many more reasons. Like KYC request from them and you fail to finish KYC, or if you let your account inactive for a long time as you consider that account as your wallet for holding a long time, the exchange can freeze your account and government can take your coins.

It sounds a little bit unreasonable but if they have that term in their ToS, they will be able to do that harsh fund freeze and seizure if they want.

[JimaGod]

Can someone please confirm if this is real? Someone close sent me this news this morning that you can't keep holding your coins for three years straight untouched anymore, the law will claim it.

https://i.postimg.cc/59smMjfX/1000052648.png

This can't be real right?  Right now I believe this is some made up nonsense, and if it's real we are all f

Anyone from California can easily confirm it, I have no one living in California but other states in USA.

Cryptocurrency growing beyond phases and there's every need for us to hold our ground and know what we want in the space. OP more curious about what the California government have to say but that's absolutely nothing to worry about because we can store our Cryptos in hard wallet for any number of years as we can. The only fear there is not misplacing our 12 discreet phrase because they're the keys that serves us as owners of these wallets. To what end actually? California bringing in all these strict measures for what? To kill the zeal of everyone using the custodial wallet? Well I've not been to California but with the little knowledge of crypto, one can easily bet on what we can afford to do with our precious time and crypto.

[pawanjain]

Can someone please confirm if this is real? Someone close sent me this news this morning that you can't keep holding your coins for three years straight untouched anymore, the law will claim it.



This can't be real right?  Right now I believe this is some made up nonsense, and if it's real we are all f

Anyone from California can easily confirm it, I have no one living in California but other states in USA.

It does look like a serious concern because what does the government has to do with our holdings.
They can mind their own business by not interfering with their user's financial choices.
They should not be having any right to seize any money from anybody to be honest.

As terrifying as this news sounds the solution is very easy. Just do 1 transaction from your account once in 3 years.
I don't think this will impact anyone though because there won't be any person who will leave their funds untouched in a custodial wallet for 3 years.
So I think this news is not that big of a deal anyway.