With the price of Bitcoin going absolutely bonkers, law firms, like many other businesses, are wondering whether they should accept, or even invest in, new, and even old, cryptocurrencies.
However, few cryptocurrencies will ever make it off the ground, and there are quite a few different ones out there. Choosing to accept one as payment for services has been okayed by at least one state bar, whose guidance seems to be good for just about every jurisdiction. However, you may want to think twice about whether or not you want to be the one to convert a digital currency to dollars or if you should leave the crypto-to-dollar conversion to the client that wants to use it.