Cannot turn on settings sync

[lszomoru]

Version: 1.48.0-insider (user setup)
Commit: 6c21258
Date: 2020-07-20T05:33:03.267Z
Electron: 8.3.3
Chrome: 80.0.3987.165
Node.js: 12.13.0
V8: 8.0.426.27-electron.0
OS: Windows_NT x64 10.0.19041

Steps to Reproduce:

1. Turn on settings sync
   Error while starting Sync: Cannot read property 'version' of null

Does this issue occur when all extensions are disabled?: Yes

[sandy081]

To verify:

• Machine 1: Make sure you do not have keybindings.json file (Delete it if you have). Have some settings (for eg: theme)
• Machine 1: Turn on Sync
• Machine 1: Turn off Sync (only on this machine)
• Machine 2: Start fresh (use new user data dir and extensions dir)
• Machine 2: Turn on Sync
• Machine 2: Change theme and sync
• Machine 1: Turn on Sync and you will see a dialog to replace/merge. Choose Replace local.

Verify that Replace Local succeeds and sync is turned on without errors.