Assets news-Page 6
Is Delaware’s New Digital Assets Inheritance Law Too Far Reaching?
The State of Delaware took another step in defining Bitcoin by passing a Bill that regulates what happens to a person’s digital assets after they die. There might be a lot of contention about whether Bitcoin is money, a commodity or property. But there is no argument that Bitcoin has value, a question that has also been settled by a federal district court in New York and by a Federal magistrate in Texas. Bitcoin and other cryptocurrencies have value. This means that when a person passes away this value becomes part of their estate. House Bill 345 is worded similarly …
Bitcoin / Aug. 24, 2014