Courtesy photo State Ethics Board Allows Lawyers to Hold Cryptocurrency in Escrow, But Not for Legal Fees
"Because cryptocurrency is treated as property, the Board concludes that it may be held by a lawyer for clients or third persons in connection with a representation or law-related business," the advisory opinion said.
August 18, 2022 at 03:26 PM
3 minute read
Cryptocurrency
In an advisory opinion, the Ohio Board of Professional Conduct stated that attorneys may hold cryptocurrency in escrow when related to the representation of a client or for a third party through a law-related business.
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