Crypto Holdings Pose Challenges in Russian Divorce Settlements

In Russia, family lawyers are increasingly facing difficulties in dividing cryptocurrency holdings during divorce proceedings. According to NS3.AI, the country's divorce rate has climbed to nearly five per 1,000 people, and courts are recognizing crypto as intangible property and marital assets. However, proving ownership and determining value remain challenging due to the nature of private keys and transfers. A lawmaker has introduced a bill aiming to address these issues by proposing that cryptocurrencies acquired during marriage be treated as joint property. Meanwhile, coins obtained before marriage or received as gifts would remain separate assets. This legislative effort seeks to provide clarity and fairness in the division of crypto assets amid rising divorce rates.