I’m guessing this is a situation where the cryptocurrency system allows someone to acquire the mining software to police the underlying transactions of the cryptocurrency without any requirement to be of age. But once that mining has produced significant earnings in the cryptocurrency those assets cannot be liquidated as the ‘being of age’ then becomes an issue. Chicken meets Egg!
Can a minor enter into a bare trust? From what I’ve read you need a power of disposition over a type of property to create a trust of it. Clearly that is the problem here. I think there may be a case (Edwards v Carter 1893) that covers under 18’s and equitable interests in land (probably no help!)
I wonder whether it might be worth looking into a general power of attorney. EPAs, unlike LPAs, had no age 18 restriction. Given GPAs predate EPAs, perhaps this might still be the case here? If so, the son could make a GPA for the purpose of authorising the Father to liquidate the cryptocurrency?
Woolley, Beardsleys and Bosworth