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The Canadian Bar Association

Garrett Horvath and Liam Cummings

Family law

How to address cryptocurrencies during a divorce

By Garrett Horvath and Liam Cummings March 27, 2018 27 March 2018

How to address cryptocurrencies during a divorce

 

Bitcoin and other cryptocurrencies are a hot ticket right now. Originally a way for underground anonymous transactions, digital currencies have picked up steam after investors and speculators found they could double their money quickly (or lose it just as fast). The most well-known cryptocurrency, Bitcoin, peaked at over $24,000 CAD in December and is currently sitting at roughly $ 10,400.

Where Bitcoin is headed is anyone’s guess, but for now at least there is clearly value in it and other digital currencies. And separating couples have taken notice, which is why divorce lawyers need to get up to speed on what  to do when their client or the opposing party has purchased cryptocurrency during the relationship.

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