4 Things Real Estate Lawyers Need to Know About Bitcoin
Law360, Feb 14, 2018
By Andrew McIntrye
The recent wild swings in the price of bitcoin coupled with reports of property purchases using the cryptocurrency is generating a buzz in the real estate community, and lawyers say it’s crucial to be up to speed on a few key aspects of bitcoin when discussing potential deals with clients.
Attorneys say they have seen an uptick in interest from clients over the past several months, and most conversations at some point circle back to the question of how to get deals done given bitcoin’s volatility.
Volatility, though, is only one of various concerns. Lawyers are also trying to figure out how best to structure deals, given that bitcoin to this point has shown traits of both a currency and a commodity.
“We’re just starting to see talk on it,” said Brian Pick of McDonald Carano LLP. “I just got my first couple calls on it this past couple weeks.”
Here, Law360 looks at four things real estate lawyers need to know about bitcoin.
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