The draft law includes an amendment to the Civil Code that recognizes electronic money as part of property.
According to the new provisions, digital wallets and the funds within them will be inherited in the same manner as traditional bank accounts.
The Law "On Payment Systems" will be supplemented with rules requiring the issuer, after the death of the electronic money owner, to block any expenditure operations at the request of a notary or heirs. Information about the availability of funds will also be provided, along with their subsequent transfer to heirs after rights are confirmed.
At the same time, the Law "On Banks and Banking Activities" will be amended to require financial institutions to provide notaries with information not only about the deposits of deceased clients but also about digital money, safe deposit boxes, metal accounts, and other assets.
As stated in the justification for the draft law, there are more than 6.6 million electronic wallets in the country, and the lack of clear inheritance rules is already leading to conflicts and misunderstandings. The new law aims to close legal gaps and protect the property rights of citizens.
This project has been agreed upon with the main ministries, the National Bank, and the Notary Chamber. There were virtually no comments from government agencies, except for some suggestions from the State Committee for National Security, which were not taken into account.
