China may legitimize bitcoin inheritance

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    Китай
    China

    The Celestial Authorities are considering a bill to change the list of inherited assets and the updated list has cryptocurrencies.

    If the amendments are adopted, then it will be possible to transfer bitcoins by will or they will change the owner on the basis of the inheritance rules in force in the country. True, Twitter correctly advises that one should think not so much about current laws as how to pass private keys to descendants.

    Recall that Chinese courts have already recognized Bitcoin ownership several times and citizens have the right to store and transfer cryptocurrency.

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