Spouses attempting to hide cryptocurrency to evade the powers of the English divorce courts

The price of bitcoin rose above $48,000 on Thursday, signifying a rise of 10% over just a few days.

This is a timely reminder of the potential value of cryptocurrencies, many of which saw huge gains this week. In the context of family law, it has never been more important to ensure that the possibility of either spouse holding cryptocurrency assets has been fully explored. The huge increase in value of such assets can make it increasingly tempting for the forward-planning non-disclosing spouse to attempt to hide his/her cryptocurrency holdings and seek to evade the wide-ranging powers of the English divorce courts. 

As my article Divorcing with cryptocurrency explores, there are some key considerations for those who suspect their spouse is not being entirely forthcoming about the existence or valuation of his/her crypto assets.