Getting divorced? Splitting up crypto assets could prove a headache, lawyers warn
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Quick Take
- Dividing crypto between spouses is creating new, uncharted waters for divorcees, lawyers, and judges alike
- The key difference between separating crypto and “traditional” property is how these digital assets are stored, meaning they can fall outside the court’s power
- In theory, that makes the assets easier to hide
While divorce is nothing new, crypto is. Indeed, bitcoin and other “21st Century currencies” have little precedent in official proceedings; creating a 21st Century divorcee headache, according to separation experts. By way of background, across Europe, Canada and nine U.S. states, non-inherited assets acquired during a marriage are typically split 50:50 – regardless of who earnt […]
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