Washington D.C. Lawyers Can Accept Cryptocurrency as Payment

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.

Attorneys “cannot hold back the tides of change even if they would like to, and cryptocurrency is increasingly accepted as a payment method by vendors and service providers, including lawyers,” the June opinion from the bar’s legal ethics committee said.

But, acknowledging the sometimes volatile nature of virtual currencies, the committee added that the fairness to the client of ...