TL;DR
- Digital Legacy Redefined: CZ emphasizes the necessity for crypto platforms to integrate a “will function,” enabling users to designate heirs and secure the inheritance of their digital assets.
- Innovative Inheritance Mechanism: Binance has introduced an emergency inheritance feature that notifies a designated contact after prolonged inactivity.
- Mixed Community Reactions: While many applaud CZ’s forward-thinking approach as crucial for protecting billions in stranded digital wealth, some critics call for even broader solutions.
Binance founder Changpeng Zhao is urging crypto platforms to prepare for the inevitable. In a candid social media post, he emphasized that while most people shy away from discussions about death, proper inheritance planning for digital assets is essential. CZ’s call to integrate a “will function” into crypto systems reflects a forward-thinking approach to protecting users’ wealth beyond their lifetime.
这个话题大家平时都不想提，但目前人还不能永生。每个平台都应该有个“遗嘱功能”：不在的时候，自己的资产按照指定的比例分到几个指定的账号。法律监管条款里也应该允许未成年的小孩也能有账号（可以不允许交易，但可以收款）。
This is a topic people avoid, but the fact is, humans cannot live… https://t.co/RJAuKcJp4A
— CZ 🔶 BNB (@cz_binance) June 19, 2025
A New Frontier for Digital Legacy
CZ’s proposal marks a significant step toward modernizing estate planning for the digital age. CZ’s vision is simple yet revolutionary: every cryptocurrency platform should allow users to designate heirs who can claim their digital assets in the event of the owner’s passing.
Such a feature would ensure a seamless and secure transfer of wealth, helping families avoid the pitfalls of lost or inaccessible assets, a concern that looms large as billions in crypto remain stranded due to a lack of proper planning.
How the “Will Function” Works
In line with CZ’s vision, Binance has already begun to act. The exchange recently introduced an emergency inheritance feature as part of a comprehensive update. Under this new system, if a user remains inactive for an extended period, an appointed emergency contact is automatically notified.
This contact can then initiate the process to claim the digital assets on behalf of the deceased. By mimicking the traditional will process in a digital framework, Binance is bridging the gap between legacy planning and modern technology.
Community Reactions and Challenges
CZ’s announcement has sparked a lively debate within the crypto community. Many users have welcomed the initiative, recognizing that a lack of inheritance planning could lead to significant losses, with billions of dollars in assets left unclaimed each year.
At the same time, some critics argue for even more comprehensive solutions, suggesting that transferring entire accounts might better capture the full spectrum of one’s digital identity and wealth.
Paving the Way for the Future
CZ’s push for a “will function” is more than just a new feature; it is a call for the industry to evolve. As digital assets become a cornerstone of modern wealth, robust inheritance planning will ensure that crypto can be passed on securely to future generations.
