Simplifying Cryptocurrency Payment Clauses

Author: Pooja Sinha, International Lawyer
Published: 16.11.2022
Cryptocurrency has become and will remain a mainstay of the digital economy, whether we like it or not. This article focuses on an increasingly common scenario: where one party uses cryptocurrency (i.e., digital assets such as Bitcoin, Ether) to pay the other party under the deal instead of using standard currency. The crypto economy presents some unique contractual risks. Players in the crypto economy should not shy away from (or fear) deploying contract drafting expertise to protect themselves from risk. In fact, over and above the simple types of clauses covered by this article, there is a unique opportunity for…