BlockBeats News, May 8th: This morning, Arizona HB 2749 bill was signed, establishing Arizona's first cryptocurrency reserve.

According to the official press release, the bill includes the following:

「If the rightful owner fails to respond to communication within three years, the digital asset is presumed abandoned. Once the digital asset is deemed abandoned, the holder must surrender the digital asset in its original form to the tax department.

Qualified custodians in the state are authorized to stake these assets to earn rewards or receive airdrops. Any staking rewards or airdropped assets will be deposited into a new Bitcoin and digital asset reserve fund, managed by the State Treasurer and subject to legislative appropriations.」

It is worth noting that a similar situation occurred last year when a Chinese netizen using the pseudonym 'Chu' on the community platform Xiaohongshu mentioned that in 2021, he decided to start accumulating coins. By the end of the year, he transferred all his tokens to the U.S.-compliant exchange platform Coinbase, and occasionally logged into the account to check the asset status.

However, in June of last year, the netizen found that he could not log into his Coinbase account. After inquiring with customer service, he discovered that the account had been closed, and the BTC in the account was sold and sent to an institution in Wyoming, USA. Coinbase's explanation was that the netizen's account had been inactive for a long time, and the assets were considered "Unclaimed Property."