Dunamu, the operator of South Korean virtual asset exchange Upbit, participated in the 2026 National Assembly Legislative Expo on Nov 5-6 and proposed improvements to the virtual asset inheritance protection system. The company highlighted institutional blind spots in the current inheritance process, where exchanges cannot verify user deaths until heirs file separate reports, and heirs must individually contact each exchange to confirm deceased persons' asset holdings. The expo, held at the National Assembly lawn plaza in Yeouido, Seoul, is an annual public participation legislative and policy event hosted by the National Assembly Secretariat, now in its second year.
Dunamu Proposes Two-Track Inheritance System Improvements
Dunamu presented two specific policy improvements at the expo to address gaps in virtual asset inheritance procedures. The company proposed establishing a system that enables exchanges to quickly restrict trading on accounts of deceased users, noting that the current structure makes it difficult for exchanges to confirm user deaths before heirs submit separate notifications. Dunamu also proposed creating an integrated inquiry system to eliminate the inconvenience of heirs having to contact each exchange individually to verify deceased persons' virtual asset holdings, aiming to enhance property inquiry convenience for inheritors similar to existing systems for traditional financial assets.
Dunamu Representative Emphasizes User Protection Framework
A Dunamu representative stated that many citizens resonated with the reality that while traditional financial assets such as bank deposits and securities can be inquired through integrated systems like the government's 'Safe Inheritance One-Stop Service,' digital assets currently lack such capabilities. The representative noted the company had an opportunity to communicate directly with citizens and hear field voices while emphasizing the importance of establishing user protection systems commensurate with the growth of the digital asset industry.
National Assembly Legislative Expo Enters Second Year
The National Assembly Legislative Expo, hosted by the National Assembly Secretariat, is a public participation legislative and policy event now in its second year. Dunamu participated under the slogan 'The Value of Digital Assets, Safely to the Next Generation.' National Assembly Speaker Jo Jung-sik visited the Dunamu booth during the event, joined by Dunamu CEO Oh Kyung-seok and National Assembly Secretary General Ko Yong-jin.
FAQ
What did Dunamu propose at the National Assembly Legislative Expo on Nov 5-6?
Dunamu proposed two improvements to the virtual asset inheritance protection system: a mechanism to quickly restrict deceased users' account trading, and an integrated inquiry system allowing heirs to verify virtual asset holdings without contacting each exchange individually.
Why does Dunamu say the current virtual asset inheritance system has blind spots?
Dunamu explained that exchanges cannot verify user deaths until heirs file separate notifications, and heirs must contact each exchange individually to confirm deceased persons' asset holdings, unlike traditional financial assets which can be queried through government integrated systems like the 'Safe Inheritance One-Stop Service.'
