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State Ethics Board Allows Lawyers to Hold Cryptocurrency in Escrow, But Not for Legal Fees

Artem Bogdanov by Artem Bogdanov
August 18, 2022
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State Ethics Board Allows Lawyers to Hold Cryptocurrency in Escrow, But Not for Legal Fees
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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.

The professional conduct board joined other ethics boards issuing opinions on the issue, most notably Nebraska, the first to issue an opinion in 2017.



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