Bitcoin for salary

[roadrunnerjaiv2025]

Sending your employees' salaries directly to their bitcoin wallets is one thing, giving the government its share of your employees' salaries is another. So, I think, there won't be an issue if you will send them separately. The government doesn't have a say on your employees' private money anyway. It's a different story, though, when your employees start using their bitcoin to buy stuff. They'd be taxed for that.

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[Kong Hey Pakboy]

Sending your employees' salaries directly to their bitcoin wallets is one thing, giving the government its share of your employees' salaries is another. So, I think, there won't be an issue if you will send them separately. The government doesn't have a say on your employees' private money anyway. It's a different story, though, when your employees start using their bitcoin to buy stuff. They'd be taxed for that.

It's good that employees would receive their money in bitcoin because they could also use it as an investment. But I think it will be troublesome if an employee would accept bitcoin as a salary because bitcoin's price is not stable.  Companies will also have difficulty sending their salary for a long time and paying high transaction fees when sending taxes, so only a few money will be left on their salary.

[Pamadar]

I think the government will interfere with that due to the tax matter. Also I think it would be unfair for the employee if they receive a bitcoin then the price drops because of the volatility of the market also it depends on the country whether the cryptocurrency is legal on a certain country.

For sure government will do that as they will not be getting anything from the taxes, what if everyone made this options. In regards to employees, they needed to understand first the setup before discussing about receiving this form of currency, knowing that volatilities are really have a huge presence from this industry, they are prone to lose value of their hard labor.

[TedMosby]

it will depend on the regulations of the country where the company is located.
but I don't think that paying employees with Bitcoin directly to their Bitcoin wallet is a good thing for both since the bitcoin's volatility is high.
a bitcoin payment gateway that will automatically convert bitcoin into fiat to their bank account will be a good option for this problem.

[sapnu]

I think the government will interfere with that due to the tax matter. Also I think it would be unfair for the employee if they receive a bitcoin then the price drops because of the volatility of the market also it depends on the country whether the cryptocurrency is legal on a certain country.

Absolutely, that can actually happen if you convert your bitcoin to fiat and then you will cash out that money through banks especially local banks. They might give us taxes while withdrawing that money. But actually as of now in my country it doesn't have taxes to give when you are withdrawing because there are lots of ways to prevent payment when you cash out.

[Jstandhope]

In my opinion it will be a good development but there are several limitations to this especially on the side of government workers. Most government workers especially in the local government levels are old people and some are uneducated. So to achieve this
1.you have a whole lot of work teaching them about this new method and how it works
2. Explain the level of risk and give them hope that their finances are secured.
3. Teach them how to make withdrawal with it or exchange it or do what ever they want.
4. You know crypto currency deals with wallets and wallets have keys and you know if any key is lost or can't be remembered then that wallet is lost. And this old people can't really cram figures or long patterns.
 So these are the few limitations this development might face which might result to serious issues on the side of the workers.
5. You know you don't withdraw crypto currency directly just as you do for physical cash rather you exchange it for something except for the new development of Bitcoin ATM made available now. Mean while these workers are already familiar with banking system. So introducing this method will be a whole lot of stress and inconveniences on the side of the workers.

[stomachgrowls]

I don't have lot knowledge about different things about legalities or some government things.

I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet.
Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.

I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.

Several things should be considered first before going into such transition.

-Ask out if your employees would be willing to accept crypto as their salary ( This would require sufficient knowledge and understanding on their part - therefore telling out about crypto would be part of your job).

-Countries law towards crypto (If your country do have specific laws towards crypto then you would need to abide).

I doubt that your employees would accept the new payment system knowing about volatility but since you're the boss then they wont have any choice but to abide with it.

[Janation]

I think the government will interfere with that due to the tax matter. Also I think it would be unfair for the employee if they receive a bitcoin then the price drops because of the volatility of the market also it depends on the country whether the cryptocurrency is legal on a certain country.

I think that should be a choice of that employee.

The fact that the employee are accepting Bitcoin means they know what it is and how volatile it is. Obviously that would raise some brows since that could be really unfair to people that is why companies, if they ever think or thought of paying their people with Bitcoin, they should let them choose whether they will accept Bitcoin or fiat.

[proTECH77]

I guess, if government legalized bitcoin as a salary payment, it can go round all the industries using fiat to pay their workers,and to start paying their workers with bitcoin.
It will reduce the stress of the employers,and employees going  to the bank to deposit and withdraw fiat money, if its legalized in the country, and also accepted by employees and employers.

[Peanutswar]

I guess, if government legalized bitcoin as a salary payment, it can go round all the industries using fiat to pay their workers,and to start paying their workers with bitcoin.
It will reduce the stress of the employers,and employees going  to the bank to deposit and withdraw fiat money, if its legalized in the country, and also accepted by employees and employers.

I think this is very confusing to the workers because right now even the bitcoin is supported by my country they are making a lot of rules and regulations with the use of it, also it's not quite fair to the people if they are using the bitcoin as the mode of payment, the bitcoin is usually used with the upper class but if you are in the middle and the lower class do they mind what is the use of the bitcoin? I think they will not because one of the most important to them is to have the money immediately as a use for their daily needs just to survive in this society. It is better if they have a choice if they agree on bitcoin as a salary or not, only a few establishments supporting the bitcoin.

[jaypiepie]

I don't have lot knowledge about different things about legalities or some government things.

I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet.
Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.

I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.

  it depends on how really you actives on investing or in crypto bounty works ,you need a patience hardworking determinations to do work in bitcoin and focus on what you are doing about in crypto it really affects sometimes base in your knowledge that you make a lot of learning in bitcoin and communicate to the bitcoin professional and take some idea of one of them

[LUCKMCFLY]

I don't have lot knowledge about different things about legalities or some government things.

I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet.
Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.

I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.

Currently in countries like Venezuela if they implement this type of payment in Bitcoin, it would totally suppress emigration to other countries, sources of work would arise, although it could have some problems in the accounting part when paying taxes, since the government would roll its eyes totally in said company. In order not to have problems, an agreement would have to be made between employer and workers as is happening today, since payments in local currency are miserable due to the very high inflation.

[EdenHazard]

I think there's a lot of platform out there providing a service to distribute salary in crypto to anybody globally.
The concept and the system might will suit perfectly for the global company that paying out their employees around the globe as things will be much more difficult if you do it locally.. you need to fully understand how the law might blocking you doing this at certain place.

The question that pop up regarding this always like how legal is it yeah .. always complicated.
You know the tax treatment is different on each country under different law.
Fuck the system anw. Just do it with those well known platform and see what comes next.

[dre1982]

I think this works well for countries with a big inflation. With big inflation even bitcoin is a 'stable' coin. 

[pinggoki]

Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.

Of course, it will all depend on the country you were placed in, if you are in the countries who against the use of any cryptocurrencies especially Bitcoin then this is definitely foul on the government, and if not then it is up to the employer and his/her worker come up to. However, I don't think it is a good idea for us to use Bitcoin as a wage simply because crypto is too volatile this might only cause confusion on the common people who don't have any idea on it. Moreover, crypto commonly works as an asset for an investment comparable to gold. Therefore, think we should leave fiat on this matter.

[GDragon]

I think the government will interfere with that due to the tax matter. Also I think it would be unfair for the employee if they receive a bitcoin then the price drops because of the volatility of the market also it depends on the country whether the cryptocurrency is legal on a certain country.

I think that should be a choice of that employee.

The fact that the employee are accepting Bitcoin means they know what it is and how volatile it is. Obviously that would raise some brows since that could be really unfair to people that is why companies, if they ever think or thought of paying their people with Bitcoin, they should let them choose whether they will accept Bitcoin or fiat.

Agree, why would even an employee accept something that he doesn't want to use anyway? It will be so unfair especially if he really need the money right away for the bills he has to pay, and we all know almost all of those monthly payments only accept fiat currency. If bitcoin salary is a hassle for their everyday life, then we should not force them to receive bitcoin. We already know that bitcoin today isn't widely accepted in local stores today.

It will be fine as a choice for the employee but not as a fixed rule. Even though I use bitcoin, it's not good to hear as an employee, what more to those who have no idea what bitcoin is, and is living day to day waiting for the end of the month for the salary.

[2double0]

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?

[MFahad]

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.

[ReiMomo]

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.

This is very simple, if most of the workers cant able to accept salary in bitcoin then, the company will sell their bitcoin and convert into cash to give it into their workers, then, if they are willing to risk and accept bitcoin as their salary weather it will lose value or gain they need to understand first how the volality of bitcoin works.

I guess there's a slight problemm the conflict to your company and the government since bitcoin isn't regulated yet.

[kawetsriyanto]

Is this method is not foul on the government? Or it is legal?

You should make it more specific if you want to talk about this. Which government you are talking about? It depends on the laws in the country. For example, in my country, Bitcoin cannot be used as a payment tool. So, if you want to buy something, you need to convert it to our currency. But if you use Bitcoin to pay the salary of the employees, I think there is no problem with it, as long as there is no law to forbid it.