The rise of cryptocurrency, and in particular Bitcoin, means divorcing couples may use the currency to hide their wealth from one another.
While couples have a duty to provide full and frank disclosure during a divorce, they said it is not unheard of for some parties to attempt to hide their assets from their respective spouses, and cryptocurrencies may make this process easier.
The very nature of cryptocurrencies means it can be hard to trace.
Digital forensic analysts can be used by a spouse to identify trace points and give weight to a claim.
If a divorce case does end up in court, a judge, even without concrete evidence of cryptocurrency assets, could make inferences as to their existence and factor their potential value into their final judgement.
Wrigley Claydon, we fight on your behalf to make this difficult time a little easier. We are experienced family lawyers and can assist you with the legal aspects of any family situation in which you may find yourself. We deal with our cases sensitively.
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