Why Crypto Is the Next Big Trend in Financial Planning
If the robo-advising trend taught advisers anything, it's that millennial and Gen X investors will invest how they want. And right now, they want crypto.
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Bitcoin flips the financial planning paradigm on its head by creating an alternative means of securely and safely storing value in a currency.
Jeff Vandrew is a licensed attorney, a Certified Public Accountant and a Certified Financial Planner. Based in New Jersey, he restricts his practice to two areas: estate planning and tax planning. Here he explains the steps bitcoin holders should take when planning their estates. When it comes to estate planning, very little has been mentioned about bitcoin. While bitcoin is subject to wills and revocable living trusts like any other asset, there are some special considerations. Most seasoned holders of bitcoin are aware of IRS Notice 2014-21. For those unaware, the notice holds that for....
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought under the financial regulator’s oversight.
Japan to Tighten Stablecoin Regulation
Japan’s Financial Services Agency (FSA) is planning to tighten the regulation of stablecoins by imposing strict rules on their issuers, Nikkei reported Monday, stating:
The Financial....
More than a quarter of financial advisers intend to recommend crypto investments over the next year. According to a survey, financial advisers are recommending investments in Bitcoin and crypto assets to their clients more than ever before.A report by the Financial Planning Association released on June 1 has taken a look at the changing attitudes towards crypto assets. The ‘2021 Trends in Investing Survey’ revealed that more financial advisers than ever are recommending their clients have some crypto in their portfolios.The survey was conducted in March and received 529 online responses....
Hong Kong is now contemplating changing its crypto trading requirements, in a way attempting to be different from China on the all-out crypto ban. It is now planning to take action as it wants to attain the status of being a global cryptocurrency hub by introducing many legal initiatives that are related to the crypto […]