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Russia to treat cryptocurrencies as property
Nov 13,2023
According to a report, Russia's Prime Minister Mikhail Mishustin announced that the government plans to recognise digital financial assets as property, which will allow cryptocurrency owners to claim and protect their property rights in Russian court...
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OECD report: policymakers may consider providing guidance on inheritance tax on virtual currency
Oct 12,2023
The Organisation of Economic Co-operation and Development (OECD) published a report, Taxing Virtual Currencies: An Overview of Tax Treatments and Emerging Tax Policy Issues. Given the tax policy challenges posed by crypto-assets, the OECD notes that ...
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Apple slated to launch Digital Legacy feature
Oct 06,2023
According to a report, Apple is launching the Digital Legacy program, which allows a friend or family of the deceased to access their digital information stored in iCloud. Apple recently launched the Digital Legacy web page, on which those who have b...
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German federal court clarifies scope of postmortem access to social media accounts
Sep 15,2023
The Federal Court of Justice of Germany (BGH) clarified the scope of access to the Facebook account of a deceased individual in a decision. In July 2018, the BGH made a decision that stated that user agreements for social media accounts are inheritab...
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New York legislators pass bill to protect post-mortem rights
Sep 08,2023
The New York State Legislature in the USA passed a bill that extends the protection of one's right of publicity after death. The bill, once signed by the Governor of New York, would create a new right of publicity of the deceased, whose publicity rig...
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Saskatchewan, CA introduces the Fiduciaries Access to Digital Information Act
Sep 03,2023
Saskatchewan government in Canada enacted the Fiduciaries Access to Digital Information Act, becoming one of the first Canadian provinces to enact a legislation protecting fiduciary's access to the digital assets of a deceased person. The legislation...
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LinkedIn to add memorialisation feature
Aug 20,2023
It is reported that LinkedIn will be the latest social media platform to let users memorialise profiles of deceased users. It is yet to be officially announced by Microsoft, and it is unclear how users can request memorialisation of the deceased's pr...
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Chinese Supreme Court calls for strengthening crypto property rights
Jul 23,2023
The Supreme Court of China published a document titled 'Opinions of the Supreme People's Court and the National Development and Reform Commission on Providing Judicial Services and Guarantees for Accelerating the Improvement of the Socialist Market E...
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Pennsylvania to enact RUFADAA
Jul 23,2023
The state of Pennsylvania, USA is set to enact the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA), which provides fiduciaries (e.g. executors, agents under power of attorneys) rights to manage digital assets of the deceased or the i...
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Online estate company calls for Ontario succession law reform
Jul 22,2023
Online estate-planning company Willful is petitioning the Ontario government of Canada to reform its succession law to allow digital signing, storing, and witnessing of wills. The British Columbia amended its succession law, allowing its residents to...
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Study: 89% of cryptocurrency investors wary of funds in case of death
Jul 07,2023
A research conducted by the Cremation Institute found that 89% of cryptocurrency investors are worried about what will happen to their assets when they die. However, it also revealed that only 23% of investors have established their will regarding th...
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Australian taxation ombudsman recommends digital notification of death
Jul 07,2023
Australia's Inspector General of Taxation and Taxation Ombudsman Karen Payne released a report that investigated the Australian Taxation Office's (ATO) systems and processes for managing deceased estates. The report recommends that the ATO seeks ways...
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