In this regard, the Ministry of Justice proposed amendments to Article 22 of the Civil Code, adding that objects of civil rights include not only physical items and money but also virtual assets, digital currencies, as well as property rights and other benefits.
Additionally, it is proposed to add provisions to the Law "On the Payment System of the Kyrgyz Republic" regulating the actions of the issuer of electronic money in the event of a request from a notary or heirs regarding the death of the owner of electronic funds.
Changes will also be made to the Law "On Banks and Banking Activities" concerning the provision of information about deposits, electronic money, and other inheritance objects that are considered banking secrets.
Deputy Meder Chotonov asked how an heir would act if they do not know in which banks the deceased had electronic wallets. "Will they have to contact all banks?" he asked.
In response, Zarylbek uulu stated that the notary would send requests when opening an inheritance case.
"And if none of the heirs comes forward, will the funds remain with the bank?" the deputy clarified.The Deputy Minister confirmed that the funds would remain in the deceased's wallets until an heir is found.
Chotonov suggested developing a mechanism that would allow such funds to be transferred to the state budget after 5-10 years.
As a result of the discussion, committee members supported the proposed draft law.
