How cryptocurrency assets are becoming a new battleground in divorce disputes
Fighting over money is one thing; dealing with bitcoin and other types of cryptocurrency in a divorce is an entirely different story.
As cryptocurrency has surged in popularity, it’s become much more common for investors to carry shares in the largely unregulated market. For married couples looking to part ways, this means dealing with cryptocurrency as an asset could make for a difficult and lengthy divorce process.
Considering regulations and standards on digital currencies such as bitcoin are still being weighed by governments and financial regulators across the world, could the future of hiding assets during a nasty divorce be lying in its hands?
The role cryptocurrency is beginning to play in divorces
Cryptocurrency is virtual currency; it lives online and is traded on a blockchain, an encrypted ledger detailing transactions. Since each transaction is associated with a public and private key, it’s possible for each transaction to be traced back to a single individual. ..Read More..