Cryptocurrency Complicates Divorce Proceedings

Divorce proceedings are getting complicated due to cryptocurrency. With its unique nature, spouses can hide crypto holdings, making asset division challenging. Lack of transparency and reporting standards force lawyers to investigate, subpoenaing exchanges and tracing transactions on the blockchain. Specialized companies like BlockSquared Forensics are emerging to help locate missing crypto assets. Despite challenges, public blockchains offer a transparent audit trail, turning the blockchain into a financial witness for divorce proceedings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.