4 years ago
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NY State Plans to Rewrite Laws to Allow It to Seize 'Abandoned' Bitcoin
State representatives are brushing the dust off centuries-old legal doctrines on abandoned property and applying it to Bitcoin. A new draft law would allow the state to seize Bitcoin which has no owner.
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But, but, where is bitcoin? What if several states or even countries want to seize the same bitcoin? Also, how can they, if the coin is in an encrypted wallet.