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Charitable trusts and cryptoassets: opportunity, or the asset of discord?

Lloyd Brown

Trusts & Trustees, Volume: 29, Issue: 7, Pages: 633 - 642

Swansea University Author: Lloyd Brown

  • Accepted Manuscript under embargo until: 13th May 2025

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DOI (Published version): 10.1093/tandt/ttad033

Abstract

In written evidence submitted to Parliament in 2022, the Charity Commission for England and Wales outlined three types of “cryptoasset-related risk exposure” that can directly affect charitable trusts. These include: (i) fundraising donations; (ii) moving funds internationally; and (iii) investment....

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Published in: Trusts & Trustees
ISSN: 1363-1780 1752-2110
Published: Oxford University Press (OUP) 2023
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa63464
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Abstract: In written evidence submitted to Parliament in 2022, the Charity Commission for England and Wales outlined three types of “cryptoasset-related risk exposure” that can directly affect charitable trusts. These include: (i) fundraising donations; (ii) moving funds internationally; and (iii) investment. This article’s purpose is to demonstrate that, out of these forms of risk exposure, “investment” is currently the greatest issue for charities. Charity trustees possess a broad investment power and may be tempted to invest in crypto to financially benefit their funds. However, extreme caution should be heeded before investing in cryptoassets, given their complexity and volatility.
Keywords: Charity Commission, charitable trusts, cryptoassets, investment
College: Faculty of Humanities and Social Sciences
Issue: 7
Start Page: 633
End Page: 642