Cryptocurrency owners are anonymously identified by a wallet address. The anonymity of cryptocurrency means that assets are easily hidden or lost. This may present an issue to divorce litigants if one spouse uses cryptocurrency transfers to hide their assets. Even if a spouse is not attempting to hide assets, cryptocurrency still presents new obstacles in Florida divorce proceedings.
Even if both spouses in the divorce are forthcoming about the ownership of the crypto, valuing the crypto is potentially a difficult task. Updating the security of your crypto pending a divorce is also crucial. Due to the anonymity of crypto, it is impossible to tell if a spouse transfers crypto to a new lover, to themselves on another wallet, or if they transferred crypto to a mechanic to fix the car. It is more important than ever to ensure that the family law attorney you work with is knowledgeable regarding all new laws and trends that may impact your case, including cryptocurrency and that you disclose the existence of your crypto immediately to your attorney so you can both work together to secure your crypto.
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