By Inna G. Materese | Esquire
In December, we touched upon an emerging challenge for family lawyers and litigants alike: crypto-currency. Unfortunately, this new form of asset acquisition continues to be an ephemeral safe-haven for those determined to shield assets in a divorce action and, in the process, makes an already messy divorce process even messier.
As reported by Bloomberg, not only is crypto-currency volatile, making it difficult to value, but it can be traded with relative anonymity. Crypto-currency holdings that are traded online can be traced and valued with a bit more ease, while holdings that are moved offline (and to a USB) are much more difficult to assess.
As regulatory agencies grapple with the best method of tracking, disclosing and reporting crypto-currency, it is safe to say that some couples may encounter even more bitterness and frustration in their divorce matter.