tldr; Binance founder Changpeng ‚CZ‘ Zhao has called for crypto platforms to adopt a ‚will function‘ to allow users to distribute their digital assets in the event of death. Binance recently introduced an emergency contact and inheritance feature, enabling users to designate heirs for their crypto assets. This update addresses the issue of unclaimed crypto due to untimely deaths and encourages proper inheritance planning. Community members have praised the feature but also highlighted the need for comprehensive estate planning in the crypto space.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Livid_Yam on
If you hold crypto, you should already have a system in place to ensure your loved ones can access your bags when you pass.
That said, a „will function“ would make things a whole lot easier, but I’m worried it would be prone to hacks.
Wise-Grapefruit-1443 on
The best “will function” is your seed phrase
ThatInternetGuy on
It’s a sad fact of life, and death can happen to anyone including me, even suddenly.
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tldr; Binance founder Changpeng ‚CZ‘ Zhao has called for crypto platforms to adopt a ‚will function‘ to allow users to distribute their digital assets in the event of death. Binance recently introduced an emergency contact and inheritance feature, enabling users to designate heirs for their crypto assets. This update addresses the issue of unclaimed crypto due to untimely deaths and encourages proper inheritance planning. Community members have praised the feature but also highlighted the need for comprehensive estate planning in the crypto space.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
If you hold crypto, you should already have a system in place to ensure your loved ones can access your bags when you pass.
That said, a „will function“ would make things a whole lot easier, but I’m worried it would be prone to hacks.
The best “will function” is your seed phrase
It’s a sad fact of life, and death can happen to anyone including me, even suddenly.