Dunamu, the operator of the virtual asset exchange Upbit, proposed improvements to the inheritance system for virtual assets during the National Assembly legislative fair.
Dunamu announced on November 9 that it participated in the '2026 National Assembly Legislative Fair' held in Yeouido, Seoul, from November 5 to 6.
At the fair, Dunamu operated an exhibition booth under the theme 'Safely Transferring the Value of Digital Assets to the Next Generation.'
The company identified the exclusion of virtual assets from the government's unified inheritance asset inquiry as a significant gap. Currently, financial assets such as bank deposits and securities can be checked at once through the government's 'Safe Inheritance One-Stop Service,' but virtual assets are not included. As a result, heirs must individually inquire with each exchange to confirm the deceased's virtual asset holdings.
Dunamu also highlighted the need for a protective system for accounts in the names of deceased individuals. Currently, exchanges find it difficult to verify a user's death until the heir separately reports it. Dunamu emphasized the necessity for a regulatory framework that allows for the swift confirmation of death and the restriction of transactions on such accounts.
A Dunamu representative stated, "Through this fair, we were able to highlight the importance of establishing a user protection system that matches the growth of the digital asset industry and hear the voices of the public directly. We will continue to communicate with various stakeholders to improve the system, ensuring that virtual assets can be safely passed on to the next generation."
* This article has been translated by AI.
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