![]() What you need to know each week: Listen to the This is Money podcast.Of course, your ex-spouse might be willing to take their crypto because they believe it will do well in the future - presumably that is why they bought it in the first place. That said, when it comes to crypto there's no specific court ruling on this yet. You might feel that your ex should bear that loss - but there's a high threshold of 'recklessness' that has to be met for the courts to find that the money 'wasted' should be added back into the pot of assets available to be divided. Depending on how much was bought, this might mean there is less to be divided on divorce following recent falls in value. If your ex bought the crypto, should they suffer the loss after recent falls?Ĭryptocurrencies are incredibly volatile. There are some issues around crypto which have not been tested in the courts yet, but they are still subject to the same principles of divorce law as any other assets, so below we look at some pitfalls. If you or your ex-spouse holds crypto, it can be a shock to see how far it has tumbled, especially if you did not know about, or agree to, family money being used to buy it in the first place. Jessica Rush is a solicitor at law firm Howard Kennedy.Ĭrypto can be a minefield in a divorce, especially now its value has plummeted. Jessica Rush: Divorces can take months, or even years, and this can be a real problem if the value of cryptocurrency is changing wildly MPs say crypto has 'no intrinsic value' and call for trading to be regulated as a form of gambling NOT a financial service.Could the 3G shutdown leave you in a mobile phone blackspot: Fears as the the switch off starts next month.'Just say your phone is monitored by the police!': Our readers reveal their best tactics to beat phone scammers.Scottish Mortgage defends investment strategy despite shares falling a THIRD in a year.Purplebricks sold for £1! Rival online estate agent Strike snaps up the beleaguered firm for token sum.Should you spend £229 or £2,149 on a washing machine? We reveal if an expensive energy efficient model is worth the money in the long term.SALLY SORTS IT: My £7,300 Aviva care cover policy won't pay out now I need help around the home.How to swerve the great yellow box cash grab: Expert who designed them reveals ways to successfully appeal unfair fines.The rat map of Britain: Rodent infestations reach 618 a DAY - up by 90% in some areas of London - so how does YOUR area compare?.Now easy access rates are forecast to hit 3.75%: Here's where to find the best deals for your savings.Bank of England governor warns there's no quick victory in the battle against inflation.Flawed white collar justice: No wonder the World's financial miscreants want their cases to be heard in the UK, says ALEX BRUMMER.JD Sports set to become fourth British retailer ever to hit £1bn annual profits amid booming demand for athleisure clothing. ![]() Artificial intelligence can help to 'turbocharge' UK productivity, says Sage software boss.Fashion heiress makes her mark: A year after Marta Ortega took her place at helm of Zara dynasty and the family firm is thriving.BUSINESS LIVE: Strikes send Royal Mail to £1bn loss Burberry buoyed by strong European sales Premier Foods hikes dividend by 20%.Will YOUR pension run out before you die? A typical pot worth £190k could be drained by 81 - how long might yours last. ![]()
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