๐งพ๐ป ๐พ๐ ๐๐๐ฃ๐ฉ๐จ ๐ผ "๐๐๐ก๐ก ๐๐ช๐ฃ๐๐ฉ๐๐ค๐ฃ" ๐๐ค๐ง ๐พ๐ง๐ฎ๐ฅ๐ฉ๐ค ๐๐ฃ๐๐๐ง๐๐ฉ๐๐ฃ๐๐
โ What Happened:
Binance founder CZ (Changpeng Zhao) is urging all crypto platforms to add a โwill functionโ โ allowing users to pass their crypto assets to heirs after death.
๐งพ CZ said:
โHumans canโt live forever. Every platform should let users distribute their assets to designated accounts when theyโre gone.โ
๐ก Binance just added this feature in its June 12 update, including:
Emergency contact notifications after long inactivity
Option for heirs to initiate an inheritance claim
Clear asset distribution based on user preferences
๐ Why It Matters:
Over $1 billion in crypto goes unclaimed every year due to lack of inheritance tools, say experts.
๐จโ๐ฉโ๐งโ๐ฆ Community Reaction:
Crypto users and legal experts praised the feature:
@CryptobraveHQ: โThoughtful. Long overdue.โ
@Uniswap12: Wants heirs to inherit full accounts (not just coins) โ including social presence, articles, and influence.
@Ghazi: โThis is a reality we canโt ignore.โ
@Binn: Says this update improves trust and decentralization.
โ๏ธ Legal Insight:
Lawyer Irina Heaver warned that many families lose access to crypto after a holderโs sudden death.
She urges:
Include crypto in formal wills
Leave detailed instructions for heirs
Donโt just mention โcryptoโ โ explain how to access it
๐ Bottom Line:
๐ Web3 needs tools for real-world problems.
The Binance inheritance feature is a start, and CZ is calling for an industry-wide solution to ensure your crypto doesnโt die with you.