South Korea allows division of crypto in divorce settlements

https://cointelegraph.com/news/south-korean-courts-crypto-assets-divorce-bitcoin

3 Comments

  1. tldr; Married couples in South Korea can now divide cryptocurrency holdings during divorce proceedings. South Korean law firm IPG Legal clarified that both tangible and intangible assets, including cryptocurrencies, can be divided during a divorce. A 2018 Supreme Court ruling confirmed cryptocurrencies as property due to their economic value. Spouses can request a court investigation to determine crypto holdings’ value. Partners can choose to cash out or share tokens directly, reflecting the growing role of digital assets in divorce cases.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  2. > Under Article 839-2 of the Korean Civil Act, either spouse may request a division of marital assets accumulated during the marriage upon the divorce in Korea.

    Yea honey take half of my Ada Dot Xrp bag. Good luck with that