Alaska’s Revised Fiduciary Access to Digital Assets Act Has Cryptocurrency ImplicationssteemCreated with Sketch.

in #cryptocurrency7 years ago

shutterstock_548132329.jpg

Alaska is not a place a lot of people associate with cryptocurrency and digital assets these days. That isn’t entirely surprising, even though it seems things are changing rapidly there as we speak.

A bill has been signed into law in the state which pertains to how cryptocurrency belonging to deceased individuals should be accessed and managed. The revised Fiduciary Access to Digital Assets Act will set an interesting precedent for the rest of the US.

One of the things few people like to think about is their own death. Despite the best efforts by scientists all over the world, we are still mortal shells with limited lifespans.

For those of us involved with cryptocurrency, dying can create a whole new set of problems for the people we leave behind. After all, it is difficult to set up a “will” for cryptocurrency assets unless you make ample preparations on your own accord.

Resteem, Upvote and Follow for More

Coin Marketplace

STEEM 0.14
TRX 0.22
JST 0.031
BTC 80453.15
ETH 2134.02
USDT 1.00
SBD 0.67