News & Analysis as of September 13, 2024

Virtual Currency › Marital Assets

+ Follow

Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency. less -

Cryptocurrency and Divorce

Lowndes on 1/16/2024

Cryptocurrency has gone from being a niche, mysterious quantity to a rapidly growing form of investment for many. Given its rise in popularity, cryptocurrency has become an important asset that cannot be overlooked in a...more

Cryptocurrency Becomes A Real Threat

Fox Rothschild LLP on 4/22/2021

In our last article, we wrote about hiding assets the old-fashioned way. For much of this writer’s career, the game was “cash”. The pizzeria, the auto body shop, the produce vendor. They lived in 3,500 square foot houses...more

Five Tips for Dealing with Cryptocurrency in Your Divorce

Obermayer Rebmann Maxwell & Hippel LLP on 1/3/2020

Do you or your spouse have cryptocurrency? Did it exist during the marriage? Do you know how the cryptocurrency will be addressed in your divorce? Is it income? Is it an asset?...more

Discovering Digital “Dollars” in Divorce, Part 2

Burns & Levinson LLP on 6/6/2019

Part 1 of this two-part series covered a basic overview of virtual or “crypto” currencies, such as Bitcoin, and the rise and significance of the currency as an asset, subject to division, within the divorce context. In this...more

Discovering Digital “Dollars” in Divorce, Part 1

Burns & Levinson LLP on 5/16/2019

For as long as there has been money, people have come up with creative ways of hiding it from others. As one could imagine, there have been more than a few instances of a divorcing spouse concocting an imaginative scheme to...more

5 Results

View per page