Journal article 559 views
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
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....
| Published in: | Trusts & Trustees |
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| ISSN: | 1363-1780 1752-2110 |
| Published: |
Oxford University Press (OUP)
2023
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| Online Access: |
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| 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. |
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| Keywords: |
Charity Commission, charitable trusts, cryptoassets, investment |
| College: |
Faculty of Humanities and Social Sciences |
| Issue: |
7 |
| Start Page: |
633 |
| End Page: |
642 |