Bloomberg Law
Nov. 25, 2019, 10:07 PM

North Carolina Attorneys Can Accept Cryptocurrency as Flat Fee

Melissa Heelan Stanzione
Melissa Heelan Stanzione

Attorneys in North Carolina can accept cryptocurrency as a flat fee for representation as long as it isn’t excessive and ethics rules about entering into a business transaction with a client are met, the state bar recently advised.

North Carolina is the second state after Nebraska to issue an advisory opinion providing guidance on accepting cryptocurrency for payment. The New York City Bar Association issued an opinion in July 2019.

Cryptocurrency is a digital currency where transactions are recorded on a public digital ledger called a blockchain and trade on exchanges that operate like stock exchanges. Popular forms of cryptocurrency ...

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