105-16          VERIFICATION OF VIRTUAL CURRENCY/CRYPTOCURRENCY

Virtual currency/cryptocurrency, such as bitcoin, is a non-exempt, non-excludable resource. It is not considered legal tender nor is it considered a household good or personal effect. It can be used to obtain goods and services, but some virtual currency can be exchanged for real currency.

If the client does not know the value of their virtual currency/cryptocurrency, the caseworker should request a current account statement showing the number of virtual coins owned. If the virtual currency is listed on an exchange, the value should be determined by using that exchange. If the virtual currency is not held on an exchange, utilize https://coinmarketcap.com/ to determine the value. The exchanges website and the exact exchange rate at the time of verification must be documented in case notes.