A situation raised by VTV recently illustrates the risks when digital assets are not yet recognized by law.
The story begins with a couple, where the husband used many joint assets to buy Bitcoin. When the marriage broke down and they went to court, the wife did not receive any portion of the Bitcoin because currently, cryptocurrency assets have not been defined, nor is there a legal basis for division.
Sharing during the program, the expert emphasized:
"If cryptocurrency assets are recognized and there is a legal exchange platform in Vietnam, such a situation would certainly not occur."
At that time, Bitcoin or other cryptocurrencies would be considered joint property of the couple, and in the case of divorce, the court would have to divide it equally like other types of assets.
Not only in marriage, this issue also arises in many other ownership relationships such as businesses, shareholders, or investment groups.
When jointly buying and holding Bitcoin, if a dispute arises, the parties currently cannot present the digital assets in court as evidence for arbitration.
According to experts, legalizing will help 'all these assets are put on the scales, with responsibilities and rights clearly divided.'
The hypothetical story from the couple highlights a significant legal gap. As the cryptocurrency market becomes increasingly popular, the early enactment of a legal framework will be key to protecting the legitimate rights of citizens and businesses.
