Bloomsbury Professional Law Insight - Cryptocurrency in Matrimonial Finance

Dean Armstrong KC is a highly experienced practitioner specialising in commercial litigation, cyber, data and technology law. He is a Band 1 ranked silk for Cryptocurrency in Chambers & Partners and is considered a leading international authority on cyber law. Dean has served on the board of several companies. He is joint Head of Chambers at The 36 Group and Head of Cyber at 36 Commercial. Marc Samuels is a barrister at 36 Family. Marc specialises in complex matrimonial finance cases, particularly those featuring crypto-assets, trusts, and corporate structures, as well as international litigation. Marc lectures extensively on matrimonial finance law and overlapping legal issues involving emerging technologies.

1. Introduction

2. An Introduction to Cryptocurrency
a. Introduction
b. Types of cryptoassets
c. What is cryptocurrency?
d. Comparing transaction systems: ‘traditional’ finance v cryptocurrency
e. The legal status of cryptocurrency in the United Kingdom
f. Case study: the evolution of Bitcoin

3. Blockchain
a. Introduction
b. What is blockchain?
c. How blockchain works
d. The consensus mechanism
e. Advantages and disadvantages of blockchain
f. Applications of blockchain technology
g. Smart contracts
h. Non-Fungible Tokens

4. The Cryptocurrency Ecosystem
a. Introduction
b. Key players and key terms
c. Top 10 cryptocurrencies by market capitalisation: Bitcoin, Ethereum, Tether, USD Coin, BNB, Cardano, XRP, Binance USD, Solana, Dogecoin

5. Regulation of cryptocurrency in the United Kingdom
a. Introduction
b. The FCA regulatory perimeter
c. Financial regulation by category: security tokens, e-money tokens, exchange tokens, utility tokens, stablecoins
d. AML / CTF financing
e. Regulatory developments in the UK

6. Overview of financial remedies in matrimonial finance
a. Introduction
b. The Court’s powers and statutory discretion
c. The distributive principles
d. Matrimonial and non-matrimonial property
e. Special contributions
f. Income
g. Summary

7. Cryptocurrency as a matrimonial asset
a. Are cryptocurrencies ‘property’ and why does it matter?
b. Are cryptocurrencies divisible?
c. Disclosure on Form E

8. Practical considerations in litigation
a. Introduction
b. Identifying and tracing cryptocurrency
c. Valuation of cryptocurrency
d. Disclosure, freezing orders, and preservation of devices
e. Self-help disclosure and associated criminal offences
f. Taxation