What is Bitcoin?

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the

generation of units of currency and verify the transfer of funds, operating independently of a central bank.

No one controls it. Bitcoin is not printed like cash but produced by people – completely digital money. This world of virtual currency is taking more and more fame as more e-commerce websites accept them.

The status of Bitcoin is often questioned, particularly at a time when we see markets are volatile themselves. Such virtual currencies present a number of risks which may in time lead to a need to regulate them more closely. The position with such virtual currencies is far from straight forward and many of the virtual currencies sit outside of the UK and EU regulation.

By their very nature Bitcoin and other virtual currencies are dependant on technology underpinning them and so belongs with the status of a digital asset.

The anonymity of Bitcoin and virtual currencies means that on the death of someone who held such collections, the ability to assess their value and pass it on in accordance with their Will is near impossible. At least by recording that you have an interest in Bitcoin may assist your personal representatives on death in identifying some transactions that may not otherwise be accounted for.

Register and records your assets on Legacy Safe….