Binance founder and former CEO CHANGPING “CZ” Zhao requests to adopt “will work” that enable users to distribute their digital assets in the event of death.
“This is a topic that people avoid, but the truth is that humans cannot live forever.” books On X. “Each platform” will work “should be so that when someone no longer exists, its assets can be distributed to specific accounts according to specific ratios.
The call comes at a time when Binance introduced a new contact and inheritance feature in emergency situations as part of its update on June 12, allowing users to appoint a heirs who can claim their encrypted assets if they fulfill.
The update allows the platform to notify the emergency contact of the user after long activity. This call can then start the inheritance claim.
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The most prominent in the encryption community will work
X User Cryptobravehq praised the new Binance emergency feature, describing it as “truly thoughtful”. user Claim More than a billion dollars of encryption assets are not demanded every year due to sudden deaths and the absence of appropriate mechanisms.
Other community members also welcomed the advantage, but expressed his concerns about its borders. One user, UNISWAP12, He said Binance accounts carry a symbolic wealth and intangible value, such as articles, social existence and the influence of society.
“This is more important to me than cash assets,” as he pointed to the idea of converting full accounts to the heirs, similar to how to transfer phone numbers.
Others have echoed the need to plan the appropriate inheritance in the Web3. X user Ghazi The name It is “a fact that we cannot ignore,” while Binn to praise The update as a step towards real decentralization, saying that users will feel more safe. Knowing that their digital wealth can be passed.
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The need for the will to encrypt
In 2023, Lawyer Irina Hefler, based in Dubai Cointelegraph, told many families that were unable to recover the assets after the death of a member of his family, and urged their owners to discuss encryption and officially include real estate planning.
Hever said that most of the encryption investors fall between the ages of 27 and 42, unlikely to give a set of financial arrangements at the end of life. However, she claimed that preparing the will is the minimum step that investors should take.
Hennessi said that the commandments should include detailed technical guidelines about reaching digital assets, not just their existence.
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