Investigating the Inheritance of Digital Currency: Legal Challenges and Criminological Perspectives

Abstract

This article aims to explore the legal nuances and criminological implications of inheriting digital currency, highlighting the inadequacies and potential risks involved in the current legal framework. Employing induction and deduction, the study distinguishes between traditional, electronic, and digital currencies, analyzing their classifications and legal considerations. The findings indicate a lack of comprehensive legal recognition and regulation concerning the inheritance of digital currencies in Kazakhstan and globally, identifying only two legally non-contradictory methods of inheritance: by law or will, with a closed will deemed safer yet simpler. This research underscores the necessity for legislative refinement to mitigate risks and ambiguities in digital currency inheritance, offering criminological insights into the prevention of fraud and misuse in the digital inheritance process. Its practical significance lies in providing a critical analysis beneficial for Kazakhstani citizens in navigating digital currency inheritance and urging legislative bodies towards enhancing the legal framework governing digital assets.