Crypto Assets in Trusts and Foundations

Consultant editor Niklas Schmidt, Ross Belhomme

Publication date:

19 June 2024

Length of book:

295 pages

Publisher

Globe Law and Business

ISBN-13: 9781787429888

Published in association with STEP, Crypto Assets in Trusts and Foundations features an in-depth examination of 20 important trust and foundation jurisdictions, shedding light on their respective regulations concerning the holding of crypto assets in wealth management structures. Chapters are authored by well-known experts and follow a unified format, which allows readers to compare and contrast different legal environments and thus enhances the decision-making process. Topics covered include: • the legal status of crypto assets; • pertinent laws; • legal aspects of acquisition and custody; • anti-money laundering obligations; • tax implications; and • documentary requirements. Importantly, the book also features an introductory chapter on crypto assets as property, which covers the key terminology found in this sometimes complex subject. In such a rapidly evolving arena, Crypto Assets in Trusts and Foundations provides a detailed roadmap to navigating the use of this new asset class in trusts and foundations, as well as offering guidance and insight relating to compliance with the respective legal rules. User-friendly and comprehensive, it will make essential reading for trustees, board members of foundations, wealth managers, lawyers, tax professionals, family offices, high-net-worth individuals and, indeed, anyone keen to embrace the emerging landscape of crypto assets.

About STEP 5 Introduction 7 Niklas JRM Schmidt Wolf Theiss Attorneys-at-Law Ross Belhomme Belhomme Law Crypto as property 9 Ross Belhomme Belhomme Law Austria 33 Niklas JRM Schmidt Wolf Theiss Attorneys-at-Law Bahamas 45 Ross Belhomme Belhomme Law Belgium 53 Stéphanie Gabriel Gerd D Goyvaerts Tiberghien Bermuda 73 Vanessa Schrum Hannah Tildesley Jerome Wilson Appleby British Virgin Islands 87 Myles Chingara Joshua Mangeot Marc Piano Harneys Canada 99 Kyle B Lamothe Jonathan J Longcroft Thorsteinssons LLP Cayman Islands 111 Chris Duncan Sarah-Jane Hall Carey Olsen Cyprus 119 Fabian Cabeza Elena Christodoulou Elias Neocleous Elias Neocleous & Co LLC England and Wales 133 James Brockhurst Rory Carter Forsters LLP Guernsey 147 David Cooney Marcél Treurnicht Walkers Isle of Man 161 Chloe Convery Jack Igglesden Adam Killip DQ Advocates Liechtenstein 169 Dominik Kujawski Allgemeines Treuunternehmen Malta 183 Ramona Azzopardi Aleksandr Belugin Joseph Borg Galyna Podoprikhina WH Partners Monaco 195 Maurizio Cohen May Lolli-Ghetti Interlaw Monaco Netherlands 201 Walter Honing Paul van de Ven BUREN New Zealand 217 Claudia Shan Barrister and solicitor Violet Yu Cone Marshall Limited Panama 233 Gretel Ciniglio de Perez Fabrega Molino Singapore 243 Tju Liang Chua Shu Mei Hoon Ken Loon Ong Ching Ling Seah Drew & Napier LLC Switzerland 259 Bruce GA Pollock Tobias F Rohner VISCHER Wyoming 273 Christopher M Reimer Amy M Staehr Long Reimer Winegar LLP About the authors 281 About Globe Law and Business 295

To date, technical resources on this subject have been quite limited, so this new publication is a welcome and useful reference guide.

Please get in contact with Nicola at nicola@globelawandbusiness.com if you have any questions.

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