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You Won’t Believe What Happens to Your Crypto When You Get Divorced – Seoul Spikes the Antidote

A split screen illustration depicting two people standing on opposite sides of a cityscape, with one person holding a tablet displaying cryptocurrency exchange records and the other looking worried as they hold an empty wallet. The background is filled with fragmented blockchain blocks and scattered coins.

Divorce just got a whole lot more complicated – and expensive, for those already drowning in crypto debt} In other news that’s sure to make your head spin like a Shiba Inu on ReddIt, South Korea has officially joined the ranks of countries where cryptocurrency is considered marital property. Yep, you read that right – if you’re getting divorced in sunny Seoul, it looks like Bitcoin and Ethereum are fair game for splitting up between warring spouses. Because what’s more romantic than fighting over your partner’s crypto stash? IPG Legal, a South Korean law firm, has confirmed this via their expert analysis of the country’s divorce laws – essentially stating that any assets acquired during marriage (including those pesky cryptos) can be divided in court. It seems like all those late-night Bitcoin trading sessions with your significant other might not have been as private as you thought…

Source: cointelegraph

Married couples in South Korea can now divide cryptocurrency holdings during divorce proceedings, according to a law firm specializing in the country’s legal system. South Korean law firm IPG Legal clarified the law regarding cryptocurrencies during divorce cases. Responding to questions from clients, the firm said that under South Korean law, both tangible and intangible assets can be divided during a divorce: The firm pointed to a 2018 ruling by […]

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