Navigating the Regulatory Maze of Paying Remote Workers in Crypto
When it comes to stablecoins-replace-meme-coins-crypto-payroll”>paying remote workers in cryptocurrency, it’s not just a matter of sending some coins their way. The regulatory challenges are real and they can be tricky to navigate. The legal landscape is all over the place, and many countries still have a firm grip on the reins, insisting that salaries be paid in good old local currency. Take Germany for example; salaries need to be in euros. Brazil? They want those crypto payments converted into local currency for tax purposes. So, if you were thinking of just paying your remote team in Bitcoin, think again.
Then there’s the issue of crypto classification. Not all cryptocurrencies are treated equally. Some jurisdictions might see…