The number of cryptocurrency investors in Türkiye is increasing, highlighting legal aspects of ownership and transfer of digital assets. BinanceTR CEO Mücahit Dönmez shared insights on inheritance and seizure of cryptocurrency funds.
Cryptocurrency Inheritance
BinanceTR CEO Mücahit Dönmez explained that cryptocurrencies are included in inheritance and passed on to heirs. If the crypto assets are held by a provider or custodian, heirs need to provide relevant documents. For cold wallets, knowing or learning the password is essential.
Legal Procedures
Cryptocurrencies can have legal status and become subject to enforcement proceedings. Dönmez noted that all administrative and judicial demands will be fulfilled exclusively by crypto asset service providers.
Seizure of Crypto Assets
The Capital Markets Law regulates the order of administrative and judicial demands regarding cash and crypto assets, including precautionary measures and seizures, which must be fulfilled by crypto providers.
Thus, cryptocurrencies can be regarded as assets subject to inheritance and legal regulations. Understanding these aspects can help protect the interests of crypto asset owners and their heirs.
