While some state authorities and financial regulators might deride bitcoin, more people are using the cryptocurrency in their everyday lives. This has recently become evident by divorce cases around the globe involving bitcoin, with the latest example coming from Israel.
Also Read: Half of Large British Businesses Hold Stockpiles of Cryptocurrency A rabbinical court in Israel is now facing a bitcoin-related quandary for what appears to be the first time ever. The religious tribunal is asked to rule on the cryptocurrency in a matter of a specific divorce.
An Israeli couple, identified as a top female banker and a male executive at an investment firm, both in their early thirties, just got married three months ago. In the Jewish wedding ceremony the groom has to commit to pay the bride some compensation in case of a divorce.
It is recommended that people will write a symbolic sum that they can afford, because if it comes to that they will be obliged to pay it in parallel with any alimony decided on by the civil divorce courts. However, in this case they decided on 30 bitcoin, worth about 2 million shekels at the time.
The woman testified that despite some guests doubting the gesture, “we thought it was neat and cool in the old days they talked about fifty camels and a dozen silver coins, and today we talk about bitcoin.” This week the wife turned to the rabbinical court asking for her divorce compensation in the form of 2 million shekels. The husband agreed to pay as he is obliged, but only according to the exchange rate at the time of the divorce (much closer to one million shekels) than at the time of the wedding. Read more from news.bitcoin.com…
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