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Title: Cruptocurrency used for salary - What are the legal ramifications? Post by: AleksBozhinov on August 18, 2017, 12:22:11 PM I'm looking into different websites (https://www.crowdholding.com & https://www.xbtfreelancer.com/) which already offer cryptocurrency as payment for micro tasks. Actual companies are adopting the same practices. I had some hard time finding how legal is it to pay employees in cryptocurrency. Any ideas?
Title: Re: Cruptocurrency used for salary - What are the legal ramifications? Post by: yura888 on August 18, 2017, 12:30:29 PM I'm looking into different websites (https://www.crowdholding.com & https://www.xbtfreelancer.com/) which already offer cryptocurrency as payment for micro tasks. Actual companies are adopting the same practices. I had some hard time finding how legal is it to pay employees in cryptocurrency. Any ideas? Well, perhaps if this is an online job quality then it is possible.But the usual work can not do so as cryptocurrency is not yet legalized everywhereTitle: Re: Cruptocurrency used for salary - What are the legal ramifications? Post by: takngantuk on August 18, 2017, 12:55:25 PM I'm looking into different websites (https://www.crowdholding.com & https://www.xbtfreelancer.com/) which already offer cryptocurrency as payment for micro tasks. Actual companies are adopting the same practices. I had some hard time finding how legal is it to pay employees in cryptocurrency. Any ideas? Well, perhaps if this is an online job quality then it is possible.But the usual work can not do so as cryptocurrency is not yet legalized everywhereI agree, If to pay for online jobs maybe possible Example typing captcha or freelance Title: Re: Cruptocurrency used for salary - What are the legal ramifications? Post by: unixguy on August 18, 2017, 01:57:59 PM It depends on your laws and jurisdictions. Perhaps possible in japan as crypto currency is legal there. Or better anyone from japan can confirm it more clearly.
But have doubts elsewhere in world. Title: Re: Cruptocurrency used for salary - What are the legal ramifications? Post by: AleksBozhinov on August 18, 2017, 02:00:58 PM It will probably state a $ or any other currency in the employment contracts, but employees will exchange the crypto themselves.
IRS requires American resident taxpayers to report Bitcoin gains, Sec is also going to regulate bitcoin: https://www.google.cz/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwi8o7eu-ODVAhXEUBQKHcXEASYQFggnMAA&url=http%3A%2F%2Fwww.businessinsider.com%2Fbitcoin-price-security-equity-sec-2017-7&usg=AFQjCNGUlYYqOck0DKLNYSk883mJSrTbyA It entirely depends on laws and jurisdictions, I agree. Then what if the company is registered in a place where paying with crypto is regulated? I believe it's a pretty sweet deal to get paid in crypto, especially if it has additional attributes like dividends. |