On this special episode of The Lawyers Weekly Show, produced in partnership with Madison Marcus Law Firm, host Jerome Doraisamy converses with Madison Marcus’ financial services direct lead and partner Perry Hume regarding recent learnings through current developments in the crypto space, why crypto isn’t going anywhere, and how legal practitioners can respond moving forward. Mr Hume delves into the day-to-day of a lawyer practising in the crypto space, the state of affairs in the broader market, whether our definition of cryptocurrency is evolving, his reflections on recent volatility and the consequences of recent fluctuations, and the how and why the crypto world is currently the “Wild West”. He also discusses where Australia is at, where it is heading in terms of regulation, and why practitioners must wrap their heads around the idea that crypto is not going anywhere and that it will permeate across many practice areas. Mr Hume responds to questions about the extent to which firms should invest their efforts in crypto, whether they should accept crypto for services rendered, and what will constitute best practice moving forward amidst the ongoing “digital revolution”. Aligned towards the continued dynamic growth of digital currencies and blockchain technology, Madison Marcus is now accepting cryptocurrency as a form of payment. To learn more about the firm and its work, click here. If you like this episode, show your support by rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@lawyersweekly.com.au for more insights!

Crypto: The good, the bad and the ugly