What are the problems with the transfer of cryptocurrency by inheritance in the Russian Federation?

The Federal Chamber of Notaries (FNP) said that Russians who own cryptocurrency canoriginateproblems with the transfer of such assets by inheritance.

In our country, a mechanism has not yet been worked out, withwith the help of which citizens will be able to bequeath bitcoin or other virtual coin to their loved ones. The experts of the notary chamber stressed that there are problems of both legal and technical nature.

Let us remind you that in Russia in 2021, a law on regulating relations in the cryptosphere came into force.The state banned the use of bitcoin as a payment instrument, but allowed it to be inherited as property.

Konstantin Korsik, president of the FNP, emphasized that digital assets represent rights and property value. Thus, the holders of the cryptocurrency should have rights and obligations.

Technical and legal problems are associated with determining the owner of a crypto wallet.Such addresses are anonymous, therefore, from a legal point of view, it is very difficult to fix the fact of the transfer of cryptocurrency by inheritance.

For notarial proceedings, it is requiredidentification and confirmation of a citizen's rights to a specific property, said Olga Filippova, representing the board of the Sverdlovsk Notary Chamber. The authorities cannot verify the ownership of the funds stored in the crypto wallet.

This situation creates problems when transferring the right of access to digital assets to an heir, the Izvestia newspaper quotes an expert as saying.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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