Guidance on Accepting Cryptocurrency Payments

The collapse of FTX Inc., a top cryptocurrency provider, has triggering a growing number of cryptocurrency bankruptcy filings across the industry. In the past year, consumer adoption of cryptocurrencies prompted online businesses and merchants to explore accepting cryptocurrency as a form of payment for goods and services. This article, written by Joanna F. Wasick and Lauren Bass of BakerHostetler LLP, provides an outline of key steps and considerations that businesses should analyze before integrating and accepting cryptocurrency payments.

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