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Renaissance Life and InDeFi SmartBank to unveil game-changing product to solve one of the problems facing the crypto industry 12 November 2021

One of the key problems for owners of cryptocurrency and their heirs is the inability to gain access to their digital assets for technical (lost codes) or physiological reasons (the death of the owner). According to estimates by the New York Times, crypto wallets containing more than USD 140 billion in assets were blocked for these reasons as of the beginning of 2021. When a businessperson working in cryptocurrency markets dies suddenly, it is often not only their loved ones who suffer but also their clients. The best-known case is the death in 2018 of Gerald Cotten, the founder of the largest cryptocurrency exchange in Canada, Quadriga CX; as a result, 115 thousand clients lost access to their funds.

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