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Instant Insights / Cryptocurrency Moves into the Mainstream

Bitcoin and blockchain are no longer tech-nerd abstractions. Digital currency is becoming a significant part of doing business these days, as the law plays catch-up to regulate it. In this Instant Insights, we look at the impact that cryptocurrency is having on the legal marketplace and the practice of law.

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Think of it like getting in on the ground floor of the nickel. JPMorgan Chase announced the JPM Coin earlier last week, a prototype digital coin equivalent to one U.S. dollar. The bank’s customers will be able to use the token—and the underlying blockchain technology—to transmit instantaneous payments to one another.

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Frank Ready

Frank Ready is a reporter on the tech desk at ALM Media. He can be reached at fready@alm.com.

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