A tug of war-style 'Divorce' machine is seen in the 'Novelty Automation' gallery on February 15, 2017 in London, England. The gallery includes a selection of handmade arcade-style satirical machines, ranging from an alien probe device to a machine that simulates trying to successfully climb the housing ladder, with or without the assistance of the 'Bank of Mum and Dad'. (Photo by )

UK law firm Royds Withy King advising on three divorce cases involving cryptocurrencies.
One case involves a crypto haul worth £600,000.

LONDON — A UK law firm is advising on three divorce cases involving cryptocurrencies.

UK law firm Royds Withy King said on Wednesday that it is working on three cases where “spouses are seeking the disclosure and a potential share of cryptocurrency assets.”

The cases involve bitcoin, litecoin, ripple and ethereum.

Two of the cases are understood to involve small sums but the third involves cryptocurrency worth £600,000. The husband in the case initially invested £80,000 in cryptocurrencies, a sum that has ballooned thanks to the bull run in the market before Christmas.

The cases, which are in South West London and Oxfordshire, represent a nascent new area for divorce lawyers. Cryptocurrencies are largely unregulated around the world, existing in something of a grey area.

Vandana Chitroda, a partner in Royds Withy King’s Family team leading the divorce cases in London, said in an email: “These are the first cases we have seen, and we expect to see many more.

“We believe that cryptocurrencies will be a significant feature in a large number of divorces. Whilst cryptocurrencies are volatile, they are not going to go …read more

Source:: Businessinsider – Finance


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