#Bitcoin Bitterness Starts to Make Messy Divorces Even Worse - Bloomberg
▻https://www.bloomberg.com/news/articles/2018-02-26/bitcoin-bitterness-starts-to-make-messy-divorces-even-worse
• Cryptocurrencies make it easier for a spouse to hide assets
• Volatility means it’s difficult to determine the valuation
Divorces are messy, and cryptocurrencies are helping to make them a whole lot more so.
Virtual currencies such as Bitcoin and Ethereum are a new challenge for U.K. lawyers, plagued with volatility and secrecy that is extending the already painful process of dividing a couple’s assets.
The rising popularity of Bitcoin — and for a while at least, its rising value — means more separations involve the currency, which is difficult to trace and hard to value. Although parties have a duty to provide full disclosure of their assets in a divorce, the anonymous nature of cryptocurrencies potentially make them a safe haven for spouses wishing to hide their money from a warring partner.
