Devika Kewalramani and Daniel Langley, attorneys at MSI's NYC law firm member Moses & Singer LLP, co-authored an article titled "Two Sides of the Same Coin: Bitcoin and Ethics" which was published in the New York Law Journal in July 2018.
Bitcoin and other virtual currencies are the currency du jour. With growing use and legitimacy, Bitcoin is ubiquitous. What was once perceived as the preferred currency of dubious online transactions and shady business dealings is increasingly entering the mainstream, with many commercial enterprises accepting cryptocurrency. Given these fast-moving developments, how should lawyers advise clients regarding the legal, business, financial and operational aspects of Bitcoin? Is it ethical for lawyers to receive Bitcoin as fees for legal services?
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