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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

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