Despite promises of decentralization bringing innovative transformation to all corners of society, many of blockchain’s anticipated disruptions have yet to materialise. One sector that has been disrupted, however, is law. The potential that bitcoin gives an individual to take ownership of their finances is creating cause for concern in the courts, where legal complications are on the rise from a range of bitcoin-related incidents.
In the UK, and all over the world, courts are seeing more and more cases relating to cryptocurrency. Speaking to Brave New Coin, British lawyer Vandana Chitroda said that her firm Royds Withy King has seen a huge rise of this “relatively new phenomenon” and has been in contact with people all around the world concerned about their spouses hiding crypto.
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