Monday, May 31, 2021

Cryptocurrency is Not Traditional Investment in Divorce Settlement

From CNBC:

Cryptocurrency has increasingly become a factor in divorce settlements as bitcoin, dogecoin and other types gain mainstream acceptance and values spike. 

More than 20 million Americans may own cryptocurrency. Splitting digital currency may be more complex than traditional investments, such as stocks, bonds, or mutual funds.

One of the tricky aspects of splitting up cryptocurrency is nailing down the value. Taxes are another aspect to consider during the divorce negotiations. After signing their divorce paperwork, couples may have a new challenge: transferring cryptocurrency from one spouse to another. 

Read more here.

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