There’s a very 21st century problem you hopefully haven’t come across yet – who inherits the digital assets of yourself or those of your kith and kin? And when you add to those digital assets your crypto it could get even more complicated.
That’s one problem then. Here’s another. How about being confronted with the even messier predicament, perhaps, that arises when the crypto-rich hodler falls out of love – not with crypto of course but with their marriage partner.
Think about this for a minute. Analogue divorce is bad enough, with, for example, bricks and mortar property to divide. However, dividing up, say, the digital music archive, is painful too, especially if it’s a family streaming account that contains all those carefully crafted playlists, which admittedly may now be associated with memories you want to forget.
Well if you thought that was complicated, crypto introduces yet another layer of complexity, and angst.
Wilsons, another London-based firm of lawyers, has identified three major areas of concern that are the subject of fierce litigation, and they are traceability, recklessness and volatility.