South Korean law now allows married couples to divide cryptocurrency holdings during a divorce settlement.
This follows a 2018 ruling by South Korea’s Supreme Court, which classified cryptocurrencies as property due to their economic value.
Married couples in South Korea can now include cryptocurrency holdings in the division of assets during divorce proceedings. This comes after the clarification by the South Korean law firm IPG Legal, which explained that under the country’s legal framework, both tangible and intangible assets, such as cryptocurrency, are subject to division when a couple parts ways.
According to Article 839-2 of the Korean Civil Act, either spouse can request the division of marital assets accumulated during the marriage, which now includes cryptocurrencies like Bitcoin (BTC). A landmark ruling by the South Korean Supreme Court in 2018 confirmed that virtual assets like cryptocurrency are recognized as property, owing to their economic value.
The Pr
We współpracy z: https://thenewscrypto.com/south-korean-law-recognizes-cryptocurrency-in-divorce-settlements/
