Family Law Prof Blog

Editor: Margaret Ryznar
Indiana University
Robert H. McKinney School of Law

Thursday, March 1, 2018

Shielding Wealth in Divorce...in Bitcoin

From BBC:

Divorcing couples are being warned to disclose all their assets amid fears that some may use digital currencies such as Bitcoin to hide their wealth.

Lawyers suggest that the anonymous nature of these digital currencies could prove tempting to those involved in an acrimonious split.

One solicitor said she had seen the "first wave" of cases where crypto-currencies were listed as assets.

Courts have wide-ranging powers to investigate hidden assets.

This could include a court appointing a digital forensic expert to analyse data when it is suspected someone is trying to hide money in cryptocurrency.

Read more here.

https://lawprofessors.typepad.com/family_law/2018/03/shielding-wealth-in-divorcein-bitcoin.html

| Permalink

Comments

Post a comment