United States:
Steve Middlebrook Talks To Bloomberg About Nebraska Ethics Opinion Regarding Bitcoin
17 October 2017
Womble Bond Dickinson
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The Nebraska Supreme Court recently issued an ethics opinion
discussing whether lawyers may accept their fees in Bitcoin. In reporting on this development Bloomberg reached
out to Womble Carlyle lawyer, Steve Middlebrook for comment.
Middlebrook, an experienced payments attorney who advises clients
in the virtual currency space, generally agreed with the opinion
but felt that certain restrictions, including the requirement that
attorneys immediately convert bitcoin received to dollars, were
unwarranted.
Steve Middlebrook has an extensive background in emerging
payment technologies, prepaid and stored value products, mobile
payments, web-based financial services, virtual currency and
distributed ledger technology. His prior experience includes being
General Counsel at two fintech companies, and a decade's
service at the U.S. Department of the Treasury. He also served as
an advisor to the Uniform Law Commission (ULC) committee which
drafted the Uniform Regulation of Virtual Currency Businesses Act.
The Uniform Act was recently approved by the ULC and is now being
considered for adoption by a number of states.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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