The number of cryptocurrency investors in Türkiye, as well as all over the world, is increasing day by day. At this point, while it is estimated that 10 million people in Türkiye have invested in cryptocurrencies, new statements came from BinanceTR, the Turkish arm of the world’s largest cryptocurrency exchange Binance.
Speaking to AA, BinanceTR CEO Mücahit Dönmez answered questions about cryptocurrencies.
Can Be Inherited!
Answering the most frequently asked questions in the field of inheritance and enforcement regarding the legal status of cryptocurrencies, Dönmez said that cryptocurrencies are included in the estate as inheritance and passed on to the heirs.
Mücahit Dönmez, who stated that cryptocurrencies could be subject to death-related dispositions such as wills and inheritance contracts, told AA:
“If the deceased’s crypto assets are held by a crypto asset service provider or, following the new regulations, by a custodian, it will be sufficient for the heirs to apply to the relevant crypto asset service provider or custodian with the inheritance certificate, death certificate and other required documents.
However, if the deceased’s crypto assets are stored in a cold wallet, knowing or learning the password to the wallet is the only option to access the assets.
May Be Subject to Enforcement Proceedings!
Stating that cryptocurrencies can also be subject to enforcement proceedings, BinanceTR CEO said that enforcement proceedings can also be initiated for the debtor’s cryptocurrency assets.
Finally, Mücahit Dönmez added that it is clearly stated in the Capital Markets Law (CMB) that all kinds of administrative and judicial demands such as precautions, seizures and similar requests regarding cash and crypto assets belonging to their customers will be fulfilled exclusively by crypto asset service providers.
*This is not investment advice.
