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23 June 2021

So You're Getting a Divorce. Who Gets the Crypto Assets? | Live Bitcoin News

So You're Getting a Divorce. Who Gets the Crypto Assets? | Live Bitcoin News


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As more and more cryptocurrencies are bought by young married couples in America, the idea of splitting that crypto up can be rather difficult should that couple ever find themselves in divorce court – especially if one of those individuals tries to hide their finances behind a blockchain façade.

She says that the attorney for a specific party would likely have to have the same knowledge as a tax accountant or computer specialist, and they would need to know what information to target and which outlets to turn to.

For example, the attorney can secure the computer hard drive, bank and credit card statements, tax returns, loan applications and request paper wallets, software wallets and hardware wallets, all of which may contain proof of crypto investments and assets through the court system.

Kelly Burris – senior litigation partner at Cordell & Cordell – claims that it would be easy to hide one’s finances in crypto given how few people truly understand how digital assets work.

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