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Lawyers Accepting Virtual Currency: New Money, Old Rules (New York Law Journal)

New York Law Journal, September 28, 2020

Lawyers Accepting Virtual Currency: New Money, Old Rules

The City Bar opinion concluded that a fee agreement requiring (rather than merely permitting) the client to pay cryptocurrency in exchange for legal services is subject to Rule 1.8(a) if the client expects the lawyer to exercise professional judgment on the client’s behalf in the transaction.

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