Are You Leaving Cryptocurrencies In Your Will?

According to the Financial Conduct Authority (FCA) about 10% of people in the UK own some form of cryptocurrency – with ownership doubling between 2021 and 2022.

It is also estimated that cryptocurrency users and investors have a combined wealth of more than £3 billion – and this number is projected to continue growing.

But what happens to this digital currency when you die?

There are a few things to consider.

What is cryptocurrency?

Cryptocurrency exists in digital form only and, unlike traditional currencies of pounds, dollars and euros, are not backed by national governments.

There are more than 29,000 types of cryptocurrencies across the world, but the most well-known is Bitcoin. Other popular types are Litecoin, Dogecoin and Ethereum.