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    Author Topic: Bitcoin for salary  (Read 2384 times)
    FlightyPouch
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    September 25, 2020, 10:17:11 PM
     #201

    Legality of paying btc to your employees or anybody you want to, depends on the country you live in and the state of crypto there. To be very honest, there is nothing that can stop you from paying BTC to your workers, but you need their consent that they are interested in getting paid with BTC. You get paid in BTC, your campaign pays you after calculating your total payment in USD and then convert it to BTC based on its value at that time. I get paid the same way. So what's the problem?

    Actually it is very difficult to implement this in a company. First not everyone will have know how about bitcoins and secondly the crypto currency must be legal in the country where this system needs to be implemented. Also you know that taxes are calculated and deducted on salary, companies pays taxes also, all of this needs to be incorporated into the system also.

    Well, this depends on the time and company we are talking about. If this is implemented, that just means that bitcoin is not just the crypto currency we know right now, it is been a popular alternative to fiat in this world. That means it is legal and almost all of the people in this world know it is. That also means that income taxes, regulation and the system is not a problem.

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