The founder of Binance Chanpeng Zhao suggested crypto platforms to introduce a mechanism for the distribution of digital assets in the event of the death of the user. According to him, people should be able to indicate in advance to whom and in what shares their funds will be transferred. He writes about this RBC Crypto.
The reason for the comment was BINANCE updating on June 12, in which the function of emergency contact and inheritance appeared. The user may indicate the proxy who will receive a notification with prolonged inactivity and will be able to apply for access to assets.
One of the participants in the discussion called the function “really thoughtful”, noting that annually in the crypto industry, assets in the amount of over $ 1 billion remain unclaimed. Others emphasized that in the Web3 field it is important to provide the possibility of transferring not only tokens, but also digital heritage – accounts, content and influence in the community.
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Source: Cryptocurrency
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