Digital assets and cryptoassets—trusts, tax and compliance

Introduction to cryptoassets and blockchain for Private Client

This Practice Note explains the phenomenon of cryptoassets, namely assets which are issued using distributed ledger technology, alternatively known as blockchain technology. It explains what blockchain is and the different types of blockchain. It also discusses cryptocurrency and initial coin offerings. Finally, it considers the application of this phenomenon to trusts and probate and considers estate planning advice.

See Practice Note: Introduction to cryptoassets and blockchain for Private Client.

Taxation of cryptoassets

Cryptoassets and the systems that use them are still being developed. The international approach to the regulation of cryptoassets is still in its infancy. However, the UK and other jurisdictions have developed some rules and guidelines on how virtual currencies

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