Full and frank financial declarations upon divorce and the rise of crypto currencies – A growing problem for family law teams within the UK
Crypto currency and getting a fair divorce settlement for your client
When it comes to the courts in relation to the disclosure of marital assets, both parties have a duty to provide a full and frank disclosure. However, when it comes to cyber assets, if there is no evidence of cryptocurrency with either party, it could be very difficult to trace these highly volatile investments and their exact values. The problem exists when these assets are purchased directly and then moved offline. It could prove to be a very time consuming and costly task to forensically trace one parties offline investments, as they may have been moved offline soon after the trades has been placed.