Navigating the Crypto Payment Maze for Freelancers
Here we are, in a world where digital currencies are making their mark. More freelancers are jumping on the crypto bandwagon for payments. But, as you might guess, it’s not all smooth sailing. There are plenty of hurdles to jump over—think regulatory compliance and tax implications. If you’re a freelancer wanting to ride this wave, you need to know your stuff. Let’s break down the challenges and solutions for using cryptocurrency in your freelance biz.
The Compliance Conundrum
When you start accepting crypto payments, you’re not just in for a treat. You also deal with regulatory challenges, particularly around AML (anti-money laundering) and KYC (know your customer) rules. Now, these rules mainly target exchanges and financial…
