继承机制
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Zhao Changpeng Calls for a Standardized Inheritance Mechanism for Digital Assets to Address Cryptocurrency Inheritance Issues
Recently, Binance founder Zhao Changpeng (CZ) publicly called for the cryptocurrency industry to establish a standardized inheritance mechanism, directly pointing out the institutional flaws in the current digital asset inheritance system.
He emphasized on social media that all platforms should establish a 'will function' that allows users to preset asset distribution plans to ensure that assets can be distributed to specified accounts in designated proportions after the user's passing. He also suggested that regulatory agencies allow minors to hold cryptocurrency accounts that can only receive funds and cannot be traded, enabling children to legally inherit assets.
This initiative arises from a severe reality long faced by the cryptocurrency community. Each year, over $1 billion in assets are left stranded on exchanges due to users' deaths, primarily because most holders have not disclosed their account information to family members.
To address the asset inheritance issue, Binance recently launched the 'Emergency Contact and Heir' feature, allowing users to designate emergency contacts and preset heirs for asset inheritance. When an account reaches a set inactive threshold and the user does not respond, the exchange will contact the emergency contact and, upon verification, initiate the inheritance claim process.
It is worth noting that competitors such as Coinbase and BitGo handle cryptocurrency inheritance in traditional ways: Coinbase requires heirs to manually submit death certificates, wills, and other legal documents, and lacks in-app beneficiary settings; BitGo collaborates with legitimate third parties through multi-signature wallets, cold storage protocols, and custom access controls to manage inheritance.
Meanwhile, Binance releases information disclosures regularly each month and is particularly leading in reserve proof (POR) reports. According to a CryptoQuant analysis report, the exchange ranks first in transparency and consistently maintains a reserve coverage rate of over 100%.
In summary, Zhao Changpeng's 'will function' initiative directly addresses the pain point of 'assets lost when users pass away' in the cryptocurrency industry, but full implementation still faces triple obstacles of technology, law, and human nature. When digital assets intersect with life and death issues, this is not only a functional innovation but also a redefinition of financial ethics.
Finally, would you use Binance's 'will function'? Should exchanges take the initiative to handle 'dormant assets'? What risk factors are you concerned about in this regard?
#加密货币 #数字遗产 #继承机制 #赵长鹏
Recently, Binance founder Zhao Changpeng (CZ) publicly called for the cryptocurrency industry to establish a standardized inheritance mechanism, directly pointing out the institutional flaws in the current digital asset inheritance system.
He emphasized on social media that all platforms should establish a 'will function' that allows users to preset asset distribution plans to ensure that assets can be distributed to specified accounts in designated proportions after the user's passing. He also suggested that regulatory agencies allow minors to hold cryptocurrency accounts that can only receive funds and cannot be traded, enabling children to legally inherit assets.
This initiative arises from a severe reality long faced by the cryptocurrency community. Each year, over $1 billion in assets are left stranded on exchanges due to users' deaths, primarily because most holders have not disclosed their account information to family members.
To address the asset inheritance issue, Binance recently launched the 'Emergency Contact and Heir' feature, allowing users to designate emergency contacts and preset heirs for asset inheritance. When an account reaches a set inactive threshold and the user does not respond, the exchange will contact the emergency contact and, upon verification, initiate the inheritance claim process.
It is worth noting that competitors such as Coinbase and BitGo handle cryptocurrency inheritance in traditional ways: Coinbase requires heirs to manually submit death certificates, wills, and other legal documents, and lacks in-app beneficiary settings; BitGo collaborates with legitimate third parties through multi-signature wallets, cold storage protocols, and custom access controls to manage inheritance.
Meanwhile, Binance releases information disclosures regularly each month and is particularly leading in reserve proof (POR) reports. According to a CryptoQuant analysis report, the exchange ranks first in transparency and consistently maintains a reserve coverage rate of over 100%.
In summary, Zhao Changpeng's 'will function' initiative directly addresses the pain point of 'assets lost when users pass away' in the cryptocurrency industry, but full implementation still faces triple obstacles of technology, law, and human nature. When digital assets intersect with life and death issues, this is not only a functional innovation but also a redefinition of financial ethics.
Finally, would you use Binance's 'will function'? Should exchanges take the initiative to handle 'dormant assets'? What risk factors are you concerned about in this regard?
#加密货币 #数字遗产 #继承机制 #赵长鹏
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