Crypto Payroll’s Unseen Challenges – OneSafe Blog
What are the hidden risks of implementing crypto payroll systems?
Integrating cryptocurrency into payroll systems for remote teams presents not only a unique opportunity but a host of hidden risks. Chief among these risks are security vulnerabilities, as transactions occur through digital wallets and private keys that are frequently targeted by hackers, and often, any losses incurred from phishing schemes and human error are irreversible.
Additionally, organizations must grapple with regulatory and tax compliance challenges. The variation in laws across jurisdictions which change often can complicate the matter further. Companies operating globally need to keep abreast of the regulations on crypto-to-fiat exchanges in order to stay…
