Crypto Assets at Risk of Loss When Holders Die

Experts warn that without secure succession planning, millions in digital wealth could become inaccessible to heirs.

Summary

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Terms & Concepts
  • Succession Planning for Crypto: Creating secure processes to ensure cryptocurrency assets can be accessed by designated heirs after the holder’s death.
  • Private Key: A unique cryptographic code that enables access and control over cryptocurrency funds; loss of it means loss of access.
  • Digital Wallet: A software or hardware tool used to store and manage cryptocurrency holdings securely.