Tim Snaith features in the New Law Journal commenting on the smart future of cryptoassets.
“Whilst this may be a step forward, the laws surrounding cryptocurrencies and other digital assets, particular on death, are a long way behind. These types of assets are less than a generation old, so the issues that can (and will) arise when someone dies holding them are only just coming to light. As with any asset, it is so important to plan and think about what might happen to the asset in the event of death or loss of mental capacity. For many assets (for example bank accounts), there are established systems and processes in place to assist in these circumstances. In the case of digital assets, however, these systems are only just being designed or thought about, so a lot of care is needed.”
To read the full article, please click here.