Bitcoin Inheritance: What Happens to Your Crypto When You Die?

2019-5-5 11:12

By CCN. com: Simon Goldring, a lawyer, and partner at British firm McDermott Will & Emery, wrote a piece in The National Law Review this week talking about the function of cryptocurrencies as an inheritance.

Not a crypto expert, the lawyer still provides some sage advice on how to transfer crypto assets after you’ve died. British Inheritance Laws Apply to Crypto Most notably, he points out that, in Britain at least, inherited cryptocurrency is taxable. This means that if your relatives receive crypto from you as part of an inheritance, they’re liable for the value of it in the form of

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Inheritance and cryptocurrency, it’s a grey area but it’s one that could become a very big deal in a few years time. Is there an advantage in using cryptocurrency in a will, over standard cryptocurrencies? Indeed, there are already services out there that does this for you, is it a wise move though? This sort of investment, is like any investment, it’s risky and it requires a bit of research.

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The Daily: Crypto-Inheritance Service, Taiwanese Stablecoin, Bitcoin Gift Cards

Featured in today’s edition of Bitcoin in Brief are a service that allows inheritance of crypto assets and a new stablecoin launched in Taiwan. Also in our daily roundup, crypto terminals have been installed by a restaurant chain in Hong Kong, and a company now offers bitcoin gift cards for easier access to the crypto […] The post The Daily: Crypto-Inheritance Service, Taiwanese Stablecoin, Bitcoin Gift Cards appeared first on Bitcoin News.

2018-7-13 12:55