Post
Topic
Board Press
Re: [2018-02-15]Divorcing couples may clash over Bitcoin
by
jjacob
on 15/02/2018, 21:53:41 UTC
Divorcing couples are being warned to disclose all their assets amid fears that some may use digital currencies such as Bitcoin to hide their wealth.

Lawyers suggest that the anonymous nature of these digital currencies could prove tempting to those involved in an acrimonious split.

One solicitor said she had seen the "first wave" of cases where crypto-currencies were listed as assets.

Courts have wide-ranging powers to investigate hidden assets.

This could include a court appointing a digital forensic expert to analyse data when it is suspected someone is trying to hide money in cryptocurrency,

http://www.bbc.com/news/business-43070849

Cryptocurrencies may be anonymous, but there is always a trail when you shift your wealth 'into' cryptocurrencies. Otherwise, they are no different from a numbered Swiss bank account in the good old days. If you do decide to hide your wealth (using cryptocurrencies or otherwise) in front of a court, you are breaking the law and taking a big risk. It is just not worth it.