Trying to hide assets during a divorce is as old as divorce itself, and technology has started to bring concealing wealth into the modern era.
Bitcoins are now the latest innovative method for potentially stashing away money so that it cannot be found when it comes to dividing the marital estate. Due to the touted anonymity of Bitcoins, it seems practical and logical that someone could try to illegally withhold wealth by filtering money into this secretive digital currency.
Read more here.
Learn more about Bitcoin, Cryptocurrency and Divorce:
“Bitcoin Bitterness Starts to Make Messy Divorces Even Worse,” Hannah George, Bloomberg News (2018) (Jonathan Fields quoted)
Cryptocurrency and Divorce: A Primer
IRS Notice 2014-21: Virtual Currency Guidance