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RE: Let's Talk—Have You Planned For Your Cryptocurrency Legal Heir?

in #blog7 years ago

It doesn’t matter how much you do your estate planning for crypto inheritance, if the law doesn’t recognize it as material your will has no substance.
Why would the law recognize crypto when there is no exchange market like for $ exchange around the world. Cryptocuureny and bitcoin currently do not have any Infrastructure to easily convert it to paper $. They only exist in cyberspace and only the crypto investors recognize them. My grandparents and yours, and even our parents, do t recognize these currencies. Crypto and bitcoins are the elements created by the millennial sans mostly use by the millennial. The older generation likes to hang on to more tangible thing than the cyberspace currencies which have no meanings if there is no hard copies. You lose your key or password you lose your money. Moreover, no government regulation therefore another factor for the lack of recognition in that the currencies not valid or real enough to warrant regulation for consumer and market recogbition. A sense of ‘realness’ is Missing for crypto and bitcoins without the paper dollars you can put in your wallet and can be used to buy everything from everywhere!

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