Divorcing couple fights over $830,000 crypto stash

[alyssa85]

https://finance.yahoo.com/news/divorcing-couple-fights-over-830-000-crypto-stash-231408053.html

In the UK, a divorcing couple right now is quarreling over a stash of coins worth some $830,000. And there are no laws for it.

According to Business Insider, UK law firm Royds Withy King is currently advising no less than three divorce cases that involve cryptocurrency. The spouses are “seeking the disclosure and a potential share of cryptocurrency assets.” But no laws are governing such cases.

Only one of them, however, stands out, because of the value of the couple’s crypto stash. The husband invested £80,000 ($110,000) in cryptos, which are now worth £600,000 ($830,000). Did I say there are no laws to guide divorce lawyers in such matters?

However, the lawyers expect the number of cases to increase in the future. “These are the first cases we have seen, and we expect to see many more, Royds Withy King partner Vandana Chitroda said. “We believe that cryptocurrencies will be a significant feature in a large number of divorces. Whilst cryptocurrencies are volatile, they are not going to go away. 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.”

Hopefully this won't be bitcoin's beanie babies moment.

[Dapper]

That's one of the wonderful things about crypto.   It's a man or woman's own private personal life parachute just in case a relationship doesn't go the way it should.

[RawDog]

And there are no laws for it.

This is very stupid.  There are laws for it.

LAW: 'when man and wife quit, property is split'

Bitcoin is just property.  Even if you argue that it is 'intangible' property, it is still property.  You have to split it.  By law.  Bitcoin doesn't magically change things such that old laws no longer apply.  Fraud is still fraud, tax is still tax, divorce is still divorce.  Stop pretending the Bitcoin upsets all these well established principles.  That is precisely what caused Ross Ulbricht go to jail for the rest of his life.  He made the mistake to think that because Bitcoin was not technically 'money' that he somehow wasn't the biggest drug dealer ever known to the world.  Very fucking dumb.  Bitcoin doesn't magically make all laws go away.  Don't be an idiot and spend your life in jail next to Ross.  

The guy should give the bitch half his Bitcoin and then go make more.  Don't get married again.

[alyssa85]

And there are no laws for it.

This is very stupid.  There are laws for it.

LAW: 'when man and wife quit, property is split'

Bitcoin is just property.  Even if you argue that it is 'intangible' property, it is still property.  You have to split it.  By law.  Bitcoin doesn't magically change things such that old laws no longer apply.  Fraud is still fraud, tax is still tax, divorce is still divorce.  Stop pretending the Bitcoin upsets all these well established principles.  That is precisely what caused Ross Ulbricht go to jail for the rest of his life.  He made the mistake to think that because Bitcoin was not technically 'money' that he somehow wasn't the biggest drug dealer ever known to the world.  Very fucking dumb.  Bitcoin doesn't magically make all laws go away.  Don't be an idiot and spend your life in jail next to Ross.  

The guy should give the bitch half his Bitcoin and then go make more.  Don't get married again.

Yeah. I think some people thought they could hide their wealth from their signicant other using bitcoin. But that's hard to do unless you have never discussed crypto with your spouse and they simply don't suspect you have any.,

[Dapper]

I'd say it's very easy to do.   It's difficult to prove what another person's crypto assets are.   It's basically just a guessing game (kind of like the way everyone around here guesses at what they think what the bitcoin market price will be at any future date).   

[serjent05]

And there are no laws for it.

This is very stupid.  There are laws for it.

LAW: 'when man and wife quit, property is split'

Bitcoin is just property.  Even if you argue that it is 'intangible' property, it is still property.  You have to split it.  By law.  Bitcoin doesn't magically change things such that old laws no longer apply.  Fraud is still fraud, tax is still tax, divorce is still divorce.  Stop pretending the Bitcoin upsets all these well established principles.  That is precisely what caused Ross Ulbricht go to jail for the rest of his life.  He made the mistake to think that because Bitcoin was not technically 'money' that he somehow wasn't the biggest drug dealer ever known to the world.  Very fucking dumb.  Bitcoin doesn't magically make all laws go away.  Don't be an idiot and spend your life in jail next to Ross.  

The guy should give the bitch half his Bitcoin and then go make more.  Don't get married again.

Very well said .  Bitcoin does not change a thing especially laws of every country.  I do agree that they should split it because it is a conjugal property unless it was bough before the marriage.  Anyways, this might enlighten those who think they will change certain rules with bitcoin which is likely not gonna happen.  The government/constitution always prevail and the one to follow.

[dropthebomb.io]

https://finance.yahoo.com/news/divorcing-couple-fights-over-830-000-crypto-stash-231408053.html

In the UK, a divorcing couple right now is quarreling over a stash of coins worth some $830,000. And there are no laws for it.

According to Business Insider, UK law firm Royds Withy King is currently advising no less than three divorce cases that involve cryptocurrency. The spouses are “seeking the disclosure and a potential share of cryptocurrency assets.” But no laws are governing such cases.

Only one of them, however, stands out, because of the value of the couple’s crypto stash. The husband invested £80,000 ($110,000) in cryptos, which are now worth £600,000 ($830,000). Did I say there are no laws to guide divorce lawyers in such matters?

However, the lawyers expect the number of cases to increase in the future. “These are the first cases we have seen, and we expect to see many more, Royds Withy King partner Vandana Chitroda said. “We believe that cryptocurrencies will be a significant feature in a large number of divorces. Whilst cryptocurrencies are volatile, they are not going to go away. 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.”

Hopefully this won't be bitcoin's beanie babies moment.

What is going to be next ?

[hase0278]

Very well said .  Bitcoin does not change a thing especially laws of every country.  I do agree that they should split it because it is a conjugal property unless it was bough before the marriage.  Anyways, this might enlighten those who think they will change certain rules with bitcoin which is likely not gonna happen.  The government/constitution always prevail and the one to follow.

Even if that is the case, I think Bitcoin itself shouldn't be split and labeled as conjugal property after all it is his money he used to buy those.  Looking at the perspective of the husband(investor), it is pretty unfair to just give the wife half of the number of crypto he have. Bitcoin somehow or the other shouldn't be treated as a property in the first place because it is a currency. Still, there are laws around that it should also be divided so I feel bad for the husband.

[bayong]

https://finance.yahoo.com/news/divorcing-couple-fights-over-830-000-crypto-stash-231408053.html

In the UK, a divorcing couple right now is quarreling over a stash of coins worth some $830,000. And there are no laws for it.

According to Business Insider, UK law firm Royds Withy King is currently advising no less than three divorce cases that involve cryptocurrency. The spouses are “seeking the disclosure and a potential share of cryptocurrency assets.” But no laws are governing such cases.

Only one of them, however, stands out, because of the value of the couple’s crypto stash. The husband invested £80,000 ($110,000) in cryptos, which are now worth £600,000 ($830,000). Did I say there are no laws to guide divorce lawyers in such matters?

However, the lawyers expect the number of cases to increase in the future. “These are the first cases we have seen, and we expect to see many more, Royds Withy King partner Vandana Chitroda said. “We believe that cryptocurrencies will be a significant feature in a large number of divorces. Whilst cryptocurrencies are volatile, they are not going to go away. 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.”

Hopefully this won't be bitcoin's beanie babies moment.

i hope it won't happen to other marriage couple.just give half  to your wife.And besides it is your wife.You can invest the remaining of what you have.