The unusual legal cases are said to concern at least three couples looking to legally separate. One pair has a fortune of £600,000 in cryptocurrencies that they are currently struggling to agree how to split.
The lack of regulation surrounding the digital currencies means that there is little legal cover for those looking to protect their online assets in the case of a divorce. Bitcoin, Litecoin, Ripple and Ethereum are all understood to be at the centre of online money involved in the divorce cases.
Vandana Chitroda, a partner at the law firm Royds Withy King, said: “These are the first cases we have seen, and we expect to see many more. “We believe that cryptocurrencies will be a significant feature in a large number of divorces.
JPMorgan Chase head Jamie Dimon is one of Bitcoin’s harshest critics “Whilst cryptocurrencies are volatile, they are not going to go away.” Bitcoin has dramatically seen its value plunge throughout 2018 from a record high of nearly £15,000 in December 2017 to now under £7,000. However, there is evidence to suggest the number of people investing in cryptocurrencies is rising.
Ms Chitroda added: “It is important that if you believe your husband or wife has invested in or purchased cryptocurrencies, such as Bitcoin, and you are separating, you tell your legal adviser.” Countries around the world are currently looking at implementing regulation for digital currencies in an effort to catch up with the latest financial craze. The finance minister and Central Bank Governors of France and Germany have requested that talks on policy and monetary implications of cryptocurrencies be part of G20 talks in March. Read more from express.co.uk…
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