23 Jan 2024
Guidance on Accepting Cryptocurrency Payments
Online businesses and merchants continue to explore accepting cryptocurrency as a form of payment for goods and services. The use of digital wallets by consumers makes the acceptance of cryptocurrency more widespread and impactful for banking organizations. Explore this guidance, written by Joanna F. Wasick and Lauren Bass of BakerHostetler LLP, for key steps and considerations that businesses should analyze before integrating and accepting cryptocurrency payments.
<aclass="insight-cta-btn" href="https://advance.lexis.com/open/document/openwebdocview/Guidance-on-Accepting-Cryptocurrency-Payments/?pdmfid=1000522&pddocfullpath=%2Fshared%2Fdocument%2Fanalytical-materials%2Furn%3AcontentItem%3A66V2-VF11-JGPY-X0S2-00000-00&pdcomponentid=500749">Read now »
Related Content
- Central Bank Digital Currencies and Federal Reserve Board Preconditions for CBDC Use in the U.S. Payment System
The Federal Reserve Board has set out pre-conditions that must be satisfied prior to implementing CBDC in the U.S. payment system. Access this practice note to view these pre-conditions and compliance program requirements.
- Cryptocurrency and Blockchain Litigation and Regulatory Enforcement
Gain key insight into the regulatory landscape for cryptocurrencies and ongoing development by regulatory agencies. Understand the legal and risk and current enforcement actions in this area.
- Risk of Cryptoassets—A Financial Crime, Money Laundering, and Terrorist Financing Perspective
Review the best practices for cryptocurrency transactions and gain a comprehensive understanding of the risks and regulatory AML guidelines for digital asset transmission.
- Fintech in International Jurisdictions
Access these Getting the Deal Through international guides, addressing essential aspects of fintech law and policy. Gain insight from leading law firms in each international jurisdiction on key questions in payment services and fintech in general.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Trends & Insights provides the latest in news articles and insights documents on trending areas for financial service and fintech organizations.
- Practice Videos provide guidance and best practices for financial institutions in trending areas of AML, cryptocurrency, payments, and financial technology.
- Financial Institution Regulations State Law Comparison Tool
Access this tool for federal/state-specific guidance and the ability to compare state laws for banking and non-banking financial institutions in the areas of licensing, capital requirements, AML/CFT guidelines, recordkeeping, supervision, and enforcement authority. - For related Practical Guidance content on important recent trends, please review these easy-to-use Resource Kits on a variety of emerging topics:
- Read the new edition of the Practical Guidance Journal for insights on Generative AI cautions and benefits, new trends in private lending, environmental law considerations, and market intelligence analysis.
- Check out our Practical Guidance Author Center! Learn about the 2000+ leading attorney authors contributing to our 26 practice areas, and find out how you can Become a Practical Guidance Author. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+