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cryptoJul 11, 2026, 3:33 PM

Bitcoin Policy Institute Joins Fight Against NYC Case on Self-Custodied Bitcoin

The Bitcoin Policy Institute has intervened in a New York case that could classify long-held, self-custodied Bitcoin as abandoned property if untouched for five years.

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The Bitcoin Policy Institute has stepped into a legal battle in New York concerning the classification of long-held, self-custodied Bitcoin. The case considers whether coins that have not been moved for five years should be treated as abandoned property.

The institute's involvement challenges the premise that inactivity equates to abandonment, arguing instead that holders may simply be HODLing. The outcome could have significant implications for crypto ownership rights and tax treatment.

The question posed by the case: are untouched coins truly abandoned, or are they intentionally held? The debate highlights ongoing legal uncertainties in the crypto space.

Source: Cointelegraph