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Cryptocurrency—Estate and Charitable Planning and Compliance

Getting up to speed on virtual currencies for fiduciaries, heirs and charities.

Bitcoin (which is capitalized when referring to the overall network or concept but is left uncapitalized when referring to a unit of currency) and other cryptocurrencies were once thought of as vehicles for illicit activities. But, for some time, these assets have been recognized as legitimate and have rapidly growing importance in income, gift, estate and philanthropic planning.

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