TechFlow news, October 14 — According to The Block, California Governor Newsom has signed SB 822, a bill stipulating that unclaimed cryptocurrency assets must be preserved in their original form rather than being forcibly liquidated. The bill requires that crypto assets left dormant for three years on platforms such as exchanges be transferred to state custody and securely held by qualified custodians until claimed by their owners. If unclaimed 18 to 20 months after reporting, the State Controller may convert them into fiat currency.
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