- Digital
- FinTech
Shorter Reads
1 minute read
Published 14 December 2017
This interesting article looks at some of the implications of Bitcoin and blockchain technology on divorce law.
Bitcoin has burst into public consciousness in the past few weeks as values have shot past £10,000 per Bitcoin. There are now in excess of 3m Bitcoin owners and many long-term investors may find themselves unexpectedly well off.
Bitcoin, and cryptocurrencies generally, can cause huge problems in divorce proceedings. The decentralised and anonymised nature of blockchain records makes it very difficult to identify whether and how much of a digital currency a spouse might own unless you can track the original purchase through an exchange. The issue is further complicated by the fact that few lawyers, and fewer judges, really have any handle on what cryptocurrencies even are.
On that front we are delighted that Nigel Brahams, one of the country’s leading blockchain lawyers, joined Collyer Bristow last week as a partner in our Corporate and Commercial team. Not only is this obviously great news for our existing Fintech and commercial clients, but on the family law front it ensures we are able to remain at the forefront of dealing with complex and high-value divorce work, whatever assets those might involve.
Shorter Reads
Published 14 December 2017
This interesting article looks at some of the implications of Bitcoin and blockchain technology on divorce law.
Bitcoin has burst into public consciousness in the past few weeks as values have shot past £10,000 per Bitcoin. There are now in excess of 3m Bitcoin owners and many long-term investors may find themselves unexpectedly well off.
Bitcoin, and cryptocurrencies generally, can cause huge problems in divorce proceedings. The decentralised and anonymised nature of blockchain records makes it very difficult to identify whether and how much of a digital currency a spouse might own unless you can track the original purchase through an exchange. The issue is further complicated by the fact that few lawyers, and fewer judges, really have any handle on what cryptocurrencies even are.
On that front we are delighted that Nigel Brahams, one of the country’s leading blockchain lawyers, joined Collyer Bristow last week as a partner in our Corporate and Commercial team. Not only is this obviously great news for our existing Fintech and commercial clients, but on the family law front it ensures we are able to remain at the forefront of dealing with complex and high-value divorce work, whatever assets those might involve.
Need some more information? Make an enquiry below.
Enjoy reading our articles? why not subscribe to notifications so you’ll never miss one?
Subscribe to our articlesPlease note that Collyer Bristow provides this service during office hours for general information and enquiries only and that no legal or other professional advice will be provided over the WhatsApp platform. Please also note that if you choose to use this platform your personal data is likely to be processed outside the UK and EEA, including in the US. Appropriate legal or other professional opinion should be taken before taking or omitting to take any action in respect of any specific problem. Collyer Bristow LLP accepts no liability for any loss or damage which may arise from reliance on information provided. All information will be deleted immediately upon completion of a conversation.
Close