The ‘New’ New Property: Dealing with Digital Assets on Death

Conway, Heather; Grattan, Sheena

doi:10.5040/9781782257578.ch-006

Cited by 3 publications

(6 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Awareness refers to the knowledge or perception of cryptocurrency owners on the importance of having estate planning on digital assets. Two documents (Conway and Grattan, 2017; Mali and Prakash, 2020) highlighted that awareness is one of the challenges in cryptocurrency estate planning. Clients are not aware of the importance of planning assets after their death or do not include cryptocurrency in the estate.…”

Section: Results and Findingsmentioning

confidence: 99%

“…Therefore it is not easy to distribute it to heirs. Two studies (Conway and Grattan, 2017; Farmer and Tyszka, 2014) expressed that it is one of the challenges in cryptocurrency estate planning. The third issue is categorised as law, the top issue discussed in more than 19 documents.…”

Section: Results and Findingsmentioning

confidence: 99%

“…Law refers to the regulations, rules, acts or enactment that a country uses to govern the use of cryptocurrency and its inheritance. Overall, the documents emphasised the incomplete or the absence of comprehensive law for governing the use of cryptocurrency (Beyer, 2020a, 2020b; Beyer and Nipp, 2020; Carter, 2016; Conway and Grattan, 2017; Howden, 2014; Mali and Prakash, 2020; Noonan, 2014; Penedo, 2020; Segal, 2018). Different laws related to cryptocurrency inheritance are also not available (Alston, 2021; Conway and Grattan, 2017; Farmer and Tyszka, 2014; Gilden, 2020; Moorefield-Lang and Lang, 2020; Saleh et al , 2020; Seres et al , 2020; Sylvester, 2021; Załucki, 2020).…”

Section: Results and Findingsmentioning

confidence: 99%

“…The first category in addressing the challenges in cryptocurrency estate planning is forming and implementing comprehensive laws. Analysis of the reviewed documents suggested four relevant laws: inheritance laws (Conway and Grattan, 2017; Sylvester, 2021; Załucki, 2020), property law (Mirshekari et al , 2020), privacy law (Mirshekari et al , 2020) and contract law (Mirshekari et al , 2020). Apart from laws, processes are another category of solutions that the reviewed documents suggested.…”

Section: Results and Findingsmentioning

confidence: 99%

See 3 more Smart Citations

Cryptocurrency estate planning: the challenges, suggested solutions and Malaysia’s future directions

Katuk

Wahab

Kamis

2023

DPRG

View full text Add to dashboard Cite

Purpose This paper aims to collect evidence on the issues and challenges in cryptocurrency estate planning and the possible approaches or methods to address them. Then, this paper also aims to understand Malaysia’s situation compared to global situations and determine how the country could address those challenges. Design/methodology/approach This study adapted a standard systematic review protocol named preferred reporting items for systematic reviews and meta-analyses, guided by three research questions: what are the challenges of cryptocurrency estate planning, how do researchers and practitioners address the issues or challenges and how could Malaysians move towards sustainable cryptocurrency estate planning? Relevant documents reported on cryptocurrency estate planning were analysed using thematic analysis. Findings The results of this review suggested that the issues and challenges in cryptocurrency estate planning can be described from six aspects: awareness, financial aspects, law, process, security and taxation. On the other hand, the approaches or methods to address these challenges may be categorised into laws, processes and technology. Further, a framework for cryptocurrency estate planning in Malaysia is proposed as an initial step towards a sustainable economy and society in Malaysia. Research limitations/implications The state and the use of cryptocurrency are still considered new in most countries globally. Hence, people are yet to be aware of the issues that may arise from it. Nevertheless, cryptocurrency estate planning will soon become an area of interest in which this study could enhance the literature and contribute knowledge to understanding the situation. Originality/value This study collected evidence on the issues and the approaches to address cryptocurrency estate planning. This study then focused on the Malaysian perspective by proposing a framework that was not covered by existing studies.

show abstract

Section: Results and Findingsmentioning

confidence: 99%

Section: Results and Findingsmentioning

confidence: 99%

Section: Results and Findingsmentioning

confidence: 99%

Section: Results and Findingsmentioning

confidence: 99%

See 2 more Smart Citations

Cryptocurrency estate planning: the challenges, suggested solutions and Malaysia’s future directions

Katuk

Wahab

Kamis

2023

DPRG

View full text Add to dashboard Cite

show abstract

“…Many works report on legislation reviews to analyze how country or state regulations help or hinder in managing digital assets and digital inheritance (Edwards & Harbinja, 2013a; Nekit, 2020a, 2020b; Pinch, 2014; Watkins, 2014). Such works have focused primarily on the United States (Carroll, 2013; Conway & Grattan, 2017; Harbinja, 2019b, 2020; Harbinja & Pearce, 2023; Ray, 2013; Varnado, 2014) and the United Kingdom (Harbinja, 2017a, 2019b, 2020; Harbinja & Pearce, 2023), but also on the EU (Harbinja, 2013, 2020), Canada (Harbinja, 2020), and Brazil (Viana et al, 2020). There seems to be consensus among legal experts that law and policy have yet to catch up with digital technologies (Edwards & Harbinja, 2013b; Ferrante, 2013; Harbinja, 2017a, 2017c, 2017d; Moncur & Waller, 2010; Pinch, 2014; Ray, 2013) and that current law neither sufficiently protects personal privacy (Edwards & Harbinja, 2013b; Harbinja, 2013) nor facilitates digital inheritance (Conner, 2011; Conway & Grattan, 2017; Edwards & Harbinja, 2013b; Ferrante, 2013; Harbinja, 2017a).…”

Section: Reviewmentioning

confidence: 99%

Information science and the inevitable: A literature review at the intersection of death and information management: An Annual Review of Information Science and Technology (ARIST) paper

Dinneen,

Krtalić,

Davoudi

et al. 2023

Asso for Info Science & Tech

View full text Add to dashboard Cite

Death is an inevitable part of life and highly relevant to information management: its approach often requires preparation, and its occurrence often demands a response. Many works in information science have acknowledged so much, and yet death is rarely a focused topic, appearing instead sporadically and disconnected across research. As a result there is no introduction to, overview of, or synthesis across studies on death and information. We therefore conducted an extensive literature search and reviewed nearly 300 scholarly publications at the intersection of death and information (and data) management. Covering seven topics in total, we review two groups of work directly engaging information management in relation to death (digital possessions, inheritance, and legacy; information behavior, needs, and practices around death), three engaging death and technology that require information and its management (death and the Internet, thanatosensitive design and technology‐augmented death practices, and the digital afterlife and digital immortality), and two reflecting the ethical and legal dimensions unique to death and information. We then integrate the collective findings to summarize the landscape of death‐related information research, outline remaining challenges for individuals, families, institutions, and society, and identify promising directions for future information science research.

show abstract

Digital Human Assets and Psycho-digital Risks. Concept and recommendations

Torre¹,

Pérez²,

Martí-Noguera³

2021

RVG

View full text Add to dashboard Cite

Nowadays, 60% of humanity is digitally connected, implying the generation of data and content. In this sense, the objective of this article is to discuss the relationship between the concepts of Human Digital Assets and Psycho-digital Risks. The former comprises digital information linked to a person, and the latter is conceived as the potential danger arising from the interaction of people and organizations due to interaction with networked technologies without sufficient knowledge. Through a qualitative methodological approach and a documental research design, both concepts are addressed, in order to provide their identification, evaluation, and integration in the management of human digitization processes. This paper does not intend to formulate a methodology for its quantification, but rather to motivate and raise awareness of the need to rethink digital literacy in various interest groups. The conclusions allow reflecting on considering the basic aspects of both concepts, their relationship, and recommendations to be incorporated in organizations in order to minimize the risks generated in the digital space that affect our physical life.

show abstract

The ‘New’ New Property: Dealing with Digital Assets on Death

Abstract: Death has become more complicated than it used to be, in large part due to the digital age...Yet, the law, still set in the pen and ink era, has failed to keep pace with technology in many contexts, including one's digital footprint at death. 1

Cited by 3 publications

References 0 publications

Cryptocurrency estate planning: the challenges, suggested solutions and Malaysia’s future directions

Cryptocurrency estate planning: the challenges, suggested solutions and Malaysia’s future directions

Information science and the inevitable: A literature review at the intersection of death and information management: An Annual Review of Information Science and Technology (ARIST) paper

Digital Human Assets and Psycho-digital Risks. Concept and recommendations

Contact Info

Product

Resources

About