Attorneys Accept Cryptocurrency Payment at Breaking News

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Attorneys Accept Cryptocurrency Payment, Although it recognizes the volatile nature of cryptocurrencies , however, it noted that fairness to the client should be considered in fee arrangements. Make a payment with coinbase. Lawyers in the nation’s capital can accept cryptocurrency as payment for legal services as long as the fee agreement is fair and reasonable and the lawyer can safeguard the virtual property, the district of columbia bar said in an ethics opinion.

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A lawyer who accepts cryptocurrency as an advance fee on services yet to be rendered, however, must ensure that the fee arrangement is reasonable. Acceptance of cryptocurrency as payment for legal fees. Attorneys “cannot hold back the tides of change.

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Industries that accept cryptocurrency payments through bitpay in 2020 and 2021 bitcoin atms in 58 countries worldwide as of august 16, 2021 the most important statistics It warned that lawyers “must be careful to see that this property they accept as payment is not. Second, cryptocurrency payments may also implicate the limitation on entering into a business transaction with a client under aba model rule 1.8. See, bitcoin and the legal ethics of lawyers, dated november 6, 2017, on justia’s verdict blog at bit.ly/2ozofot. In that case, lawyers could get in a bind, mainly if the value of the cryptocurrency changes and the client discharges the lawyer before completion of the work billed.