Cryptocurrency and Divorce

Divorce in and of itself is a challenging and often tumultuous process. If your spouse owns cryptocurrency, such as Bitcoin, tracking and valuing the digital currency can further complicate the process. Cryptocurrencies are unlike traditional currencies because they operate on a decentralized system. There is no central bank, government, or regulatory authority backing the asset. Given its decentralized nature, it can be used to hide marital assets.  You may not know if your spouse owns cryptocurrency. Despite its complex nature, cryptocurrency obtained during the marriage is subject to equitable distribution in divorce just like any other asset. Therefore, if [...]