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Charitable trusts and cryptoassets: opportunity, or the asset of discord?

Lloyd Brown

Trusts & Trustees, Volume: 29, Issue: 7, Pages: 633 - 642

Swansea University Author: Lloyd Brown

  • Accepted Manuscript under embargo until: 13th May 2025

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DOI (Published version): 10.1093/tandt/ttad033

Abstract

In written evidence submitted to Parliament in 2022, the Charity Commission for England and Wales outlined three types of “cryptoasset-related risk exposure” that can directly affect charitable trusts. These include: (i) fundraising donations; (ii) moving funds internationally; and (iii) investment....

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Published in: Trusts & Trustees
ISSN: 1363-1780 1752-2110
Published: Oxford University Press (OUP) 2023
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa63464
first_indexed 2023-05-16T09:47:31Z
last_indexed 2024-11-15T18:01:38Z
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spelling 2023-10-03T11:18:46.3518247 v2 63464 2023-05-16 Charitable trusts and cryptoassets: opportunity, or the asset of discord? 786add39c141818cbb959ce7277bbd69 Lloyd Brown Lloyd Brown true false 2023-05-16 HRCL In written evidence submitted to Parliament in 2022, the Charity Commission for England and Wales outlined three types of “cryptoasset-related risk exposure” that can directly affect charitable trusts. These include: (i) fundraising donations; (ii) moving funds internationally; and (iii) investment. This article’s purpose is to demonstrate that, out of these forms of risk exposure, “investment” is currently the greatest issue for charities. Charity trustees possess a broad investment power and may be tempted to invest in crypto to financially benefit their funds. However, extreme caution should be heeded before investing in cryptoassets, given their complexity and volatility. Journal Article Trusts & Trustees 29 7 633 642 Oxford University Press (OUP) 1363-1780 1752-2110 Charity Commission, charitable trusts, cryptoassets, investment 13 5 2023 2023-05-13 10.1093/tandt/ttad033 http://dx.doi.org/10.1093/tandt/ttad033 COLLEGE NANME Hillary Rodham Clinton Law School COLLEGE CODE HRCL Swansea University Other 2023-10-03T11:18:46.3518247 2023-05-16T10:39:44.5189729 Faculty of Humanities and Social Sciences Hilary Rodham Clinton School of Law Lloyd Brown 1 Under embargo Under embargo 2023-05-30T14:38:00.6913232 Output 289015 application/pdf Accepted Manuscript true 2025-05-13T00:00:00.0000000 true eng
title Charitable trusts and cryptoassets: opportunity, or the asset of discord?
spellingShingle Charitable trusts and cryptoassets: opportunity, or the asset of discord?
Lloyd Brown
title_short Charitable trusts and cryptoassets: opportunity, or the asset of discord?
title_full Charitable trusts and cryptoassets: opportunity, or the asset of discord?
title_fullStr Charitable trusts and cryptoassets: opportunity, or the asset of discord?
title_full_unstemmed Charitable trusts and cryptoassets: opportunity, or the asset of discord?
title_sort Charitable trusts and cryptoassets: opportunity, or the asset of discord?
author_id_str_mv 786add39c141818cbb959ce7277bbd69
author_id_fullname_str_mv 786add39c141818cbb959ce7277bbd69_***_Lloyd Brown
author Lloyd Brown
author2 Lloyd Brown
format Journal article
container_title Trusts & Trustees
container_volume 29
container_issue 7
container_start_page 633
publishDate 2023
institution Swansea University
issn 1363-1780
1752-2110
doi_str_mv 10.1093/tandt/ttad033
publisher Oxford University Press (OUP)
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str Hilary Rodham Clinton School of Law{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}Hilary Rodham Clinton School of Law
url http://dx.doi.org/10.1093/tandt/ttad033
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description In written evidence submitted to Parliament in 2022, the Charity Commission for England and Wales outlined three types of “cryptoasset-related risk exposure” that can directly affect charitable trusts. These include: (i) fundraising donations; (ii) moving funds internationally; and (iii) investment. This article’s purpose is to demonstrate that, out of these forms of risk exposure, “investment” is currently the greatest issue for charities. Charity trustees possess a broad investment power and may be tempted to invest in crypto to financially benefit their funds. However, extreme caution should be heeded before investing in cryptoassets, given their complexity and volatility.
published_date 2023-05-13T08:21:43Z
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score 11.123827

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