Consequently, a quality tech expert a person to the public should be sent by the attorney, and this is doubly know the private key.
Certified financial planner and analyst Davon Barrett told CNBC that with a traditional asset class, he can just give a divorce agreement to Fidelity, for example, and the company will take care of the split on its own. The IRS treats cryptocurrencies like property, meaning that each time you spend, exchange or sell your tokens, you're logging a taxable event. Some of those cases, he said, are simple and straightforward � situations where, for example, a cryptocurrency such as bitcoin is a custodial asset held in a brokerage account or on a trading platform such as Coinbase. The private key acts as the secret password required for the spending of funds in a particular public address.
