Express

Lawyers in Washington, D.C. Can Accept Cryptocurrency As a Form of Payment for Legal Services

Jean Zheng

Summary: According to Bloomberg Law on Wednesday, cryptocurrency can now be used to pay for legal services as long as the fee agreement is fair and is only permissible if the lawyer is able to safely store the payment, the District of Columbia Bar said in an ethics opinion. The organization also acknowledged that lawyers need ...

According to Bloomberg Law on Wednesday, cryptocurrency can now be used to pay for legal services as long as the fee agreement is fair and is only permissible if the lawyer is able to safely store the payment, the District of Columbia Bar said in an ethics opinion.

The organization also acknowledged that lawyers need to be competent in cryptocurrency related business to ensure safety, and attorneys must have written consent regarding the fee agreement from clients.

By Jean Zheng

Last Update:

Tags: ,,,
Link: Lawyers in Washington, D.C. Can Accept Cryptocurrency As a Form of Payment for Legal Services   [Copy]
Next:

Related Articles

  • Runes on Bitcoin: The Next Big Opportunity? 1 days ago
  • Uniswap Sued by SEC: What Does it Mean for the Future of DeFi? 6 days ago
  • The Value of Web3 Social, Explained 7 days ago
  • Initiated by Uweb and Waterdrip Capital, "Deep in Labs" announces its DePIN Demo Day 20 days ago
  • The Future of Blockchain: How Modularity is Revolutionizing the Industry 22 days ago

    • You need to login to comment.