Chinese BTC owners will be able to pass coin by inheritance

by in Cryptocurrency News

China

A bill on the inheritance of Internet property, including cryptocurrency, has recently been submitted to the Chinese government.

Proponents of the adoption of such a document emphasize that the conditions for amending civil law on inheritance are already ripe. That was reported by local media, citing sources in the leadership of China.

According to University professor Renmin Lixing Zhang, the old version of the law of succession no longer meets the needs of modern society.

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The legal framework has not changed for several years, while the Chinese economy has boomed. The country has already entered a new technological phase, so it is necessary to modernize its legislation.

A similar point of view is shared by many other representatives of the expert community and authorities.

However, among Internet users, on the contrary, there are many opponents of the adoption of such a document. Chinese cryptocurrency holders now fear that the new inheritance law will only increase pressure on bitcoin investors and the industry as a whole.

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Cryptosphere spokeswoman Dovi Wang emphasized that she believes more in the reliability of the key to her wallet than in Chinese laws.