The new role of Bitcoin in the law on marriage

Diluted couples can face the problem of concealing income in crypto-currencies.

Lawyers suggest that the anonymity of the crypto-currency may be tempting for those who participate in the "violent divorce", warns BBC.

Anonymus found a loophole for income hiding during divorce

One lawyer, the newspaper writes, said that she had already witnessed the "first wave" of cases when the spouse's assets were transferred to crypto-currencies before the divorce.

Vandana Chitroda, a partner of the law firm Royds Withy King, said she had analyzed three cases when her husband bought Bitcoin, Litecoin, Ripple and other crypto-currencies before divorce.

"These are the first cases that we have seen, and we expect to see them much more. There will also be those divorces when the spouse may not disclose such assets, which will be a nightmare for the investigators, "she said.

Transferring money into crypto-currencies is potentially more complicated than when people tried to hide their assets in works of art or antiques that are easier to track.

The Ministry of Justice does not have specific instructions regarding the Crypto-currency, but the Family Justice Council says that both parties "must be honest about what you have and what income you have" in the divorce.

At the same time, there is an opinion that crypto-currencies will positively influence the structure of marriage relations The world.

Author: Evgenij Novožilov, Analyst Freedman Club Crypto News

Image from Fotolia

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