Binance’s CZ suggests ‘will function’ to distribute crypto in case of death
Binance founder Changpeng Zhao said crypto platforms must prepare for the inevitable by enabling users to pass on digital assets after they die.
Binance founder and former CEO Changpeng “CZ” Zhao asked crypto platforms to adopt a “will function” to enable users to distribute their digital assets in the event of their death.
“This is a topic people avoid, but the fact is, humans cannot live forever,” CZ wrote on X. “Every platform should have a ‘will function’ so that when someone is no longer around, their assets can be distributed to designated accounts according to specified proportions,” he said.
The call comes as Binance rolled out a new emergency contact and inheritance feature as part of its June 12 update, allowing users to designate heirs who can claim their crypto assets if they die.