Joined: 4/2/2016(UTC)
Posts: 2,364
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Chinese Citizens now able to inherit cryptocurrencyThe recent article in the Cointelegraph.com:China’s new civil code will include cryptocurrency (ie: Bitcoin) to be part of the legal inheritance. May 28th: According to Xinhua news, parliament passed a new civil code; a legislation package that includes protecting the civil rights of inheritance, marriage, property, personality, contract and infringement. New code states:“When a natural person dies, the legacy is the personal legal property left by she/he.” Lixin Yang, a professor of Renmin University of China told China Central Television that this means “internet property and virtual currency will be inherited”.Founding partner at Primitive Ventures, Dovey Wan, recently tweeted that Bitcoin users should be vigilant with their Bitcoin private keys, regardless of the new law. According to the report, the new inheritance law allows China’s citizens to pass on their cryptocurrency and other virtual assets to their heirs. This comes into effect on the 1st January 2021. According to the Chinese Court trial findings, Bitcoin is seen as a digital asset and should be protected by the law. (Source: Coingraph.com)BitcoinRefer a Friend Competition: 3 days left!
01-31 May 2020
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