
SLP486 Bitcoin Estate Planning with Peter Dunworth
Stephan Livera Podcast
00:00
The Different Legal Approaches to Advice on Bitcoin
In Australia, there's no legal framework for giving advice on Bitcoin because it's not classified as a financial product. We've seen the CFTC basically designated as a commodity. So by default, we're not a custodian. What we are is effectively a default backup key. And we've set up a really neat system and a protocol that part of the reason of wanting to talk to you is to share that protocol which can help improve clients' outcomes. But we want to share this with the world because this is basically six or seven years Giving advice on Bitcoin for high net worth families. This is the best we've come up with to help transfer wealth to the next generation.
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