I recently had my first encounter with ‘Bitcoins’, a new and modern form of currency which, like savings, are included in the matrimonial asset pool.
‘Bitcoin’ is a form of digital currency.
‘Bitcoin’ can be used for payment of goods and services.
In this particular case, the value of the ‘bitcoins’ had significantly increased and was considered by the parties to have been an excellent investment. Much of the ‘bitcoin’ market is speculative, and the value of ‘bitcoins’ is therefore very much subject to fluctuation.
The ‘bitcoin’ investment was valued according to the current market value and included in the assets of the marriage to be divided between the parties.
Whether its ‘bitcoin’, an e-commerce business or an ‘app’ in the development phase, the team at Byron Bay Family Law & Mediation Specialists, Australia Divorce, is able to provide you with expert legal advice about your property settlement entitlements.
