Nebraska bill to allow banks to offer crypto services passes to final round Nebraska could follow Wyoming and open its first crypto bank should the bill pass the final round. 7169 Total views News
Lawmakers in the U.S. state of Nebraska have taken another step towards passing a bill that will allow state banks to offer cryptocurrency services.
According to a May 19 tweet from Senator Julie Slama, the legislature called LB 649 has just passed to the final round of debate. She added that the bill establishes a statewide framework for cryptocurrency and digital asset banks in Nebraska:
“Excited for Nebraska to be a national leader in crypto!”
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Blank Rome’s annual estate and tax planning newsletter discusses certain concepts and techniques that should be considered in 2021 by our clients and friends in California. We first discuss perhaps the most important recent development, which was the outcome of the 2020 “Blue Wave” Election that gives the Democratic Party control of the presidency and Congress. In view of the massive federal bailouts that have occurred and are likely to occur this year, it seems logical to assume that significant changes (increases) to the tax burden on many individuals will be enacted. President Biden has proposed a series of sweeping tax changes as outlined below.
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Accessing the digital assets of a loved one after they have passed can be difficult. Below are some tips to make it easier for everyone.
In the age of Covid-19, most of us do everything electronically. Banking, communicating, paying bills, shopping, storing important papers, photos and contacts, filing taxes, keeping a calendar and reminders, sports betting, dating….the list goes on. But where does all of that electronic content go and who can access it for me? What happens if I go on an “extended vacation” - physically, mentally or permanently? Well, things can get messy if you’re not prepared.
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Pennsylvania recently became one of the last states to enact a law treating digital assets and electronic records as tangible property, which allows executors, trustees, guardians, and agents to access and manage the digital assets of decedents.
Now beneficiaries have access to and may take possession of their loved ones photos, music, videos, email messages, and other digital content that are hosted on social media platforms such as Facebook and Instagram and stored by tech giants like Apple and Google.
The Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA), enacted on July 23, 2020, gives executors, administrators, trustees, holders of power of attorney, and guardians legal authority to manage and access electronic records, including email and social media accounts of decedents and incapacitated individuals. RUFADAA also creates a legal framework for third-party digital content platforms or custodians th
Pennsylvania’s Revised Uniform Fiduciary Access to Digital Assets Act will become effective on January 19, 2021. The Act, which was signed into law in July 2020, provides the authority .