Topic: Bitcoin for salary - page 7. (Read 2344 times)
I think that in the near future this is impossible. Bitcoin has too much value and it is unprofitable for neither the employer nor the worker. Moreover, what's the point of getting bitcoin if you need too many actions to cash it out and buy something.
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.
This is questionable to your government. It is possible and if it is already approving the use of bitcoin. This will be good and easier for bitcoin users among the workers there. You can suggest that to your government department and that will be taking tovyour government but if you know your government is discouraging people to use bitcoin by making hard rules against it, you don't need to try convincing your government .
Why do some many people ask? "Is it legal"? I swear some people believe every little thing you need to do needs to be passed through some official legal law.
Is it legal to walk? Do you need to have it written somewhere that it is legal to walk in order for you to understand that it is ok to do? Well it is the same thing.
You can pay someone in whatever you want to. As long as both parties agree. I would not want to live in a world where paying someone a certain way is not legal would you?
No country has banned bitcoin what the hell?
Hmm this will depend upon the corporation/business if they have the option of paying BTC as your salary. Not to mention, this would also require for its employees to know and have wallets that are compatible of accepting cryptocurrencies.
This will be relatively difficult for countries who are not exposed to cryptocurrencies since only a handful of people know its existence. In addition, you should take into consideration the laws of a country since there are regulations that require for companies to strictly pay currency for their salary. Even if the employee were to agree for bitcoin as salary, this can easily screw up the company if it exposes that they are being paid of bitcoin.
You just making things up. Stop it.
Is it legal to walk? Do you need to have it written somewhere that it is legal to walk in order for you to understand that it is ok to do? Well it is the same thing.
You can pay someone in whatever you want to. As long as both parties agree. I would not want to live in a world where paying someone a certain way is not legal would you?
I doubt if there's problem about implementing it but the fact that most countries banned Bitcoin or having trouble trusting the volatility this might be the problem for them. What they need is a stable coins that would give them exactly what the salary supposed to be. Bitcoin is not suitable for that since the volatility of it is too high that's why I think most of the government/businesses avoid to use this kind of payment method.
No country has banned bitcoin what the hell?
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.
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.
Hmm this will depend upon the corporation/business if they have the option of paying BTC as your salary. Not to mention, this would also require for its employees to know and have wallets that are compatible of accepting cryptocurrencies.
This will be relatively difficult for countries who are not exposed to cryptocurrencies since only a handful of people know its existence. In addition, you should take into consideration the laws of a country since there are regulations that require for companies to strictly pay currency for their salary. Even if the employee were to agree for bitcoin as salary, this can easily screw up the company if it exposes that they are being paid of bitcoin.
You just making things up. Stop it.
It's not as easy as it says and it all depends on the country you live in, if bitcoin is illegal in your country, can bitcoin be used as a salary because it fluctuates and will be noticed by the government and will definitely be a problem if it's banned in your country.
and if the method is done individually or in a business that does not have a large workforce, it is likely that the method is applicable.
and if the method is done individually or in a business that does not have a large workforce, it is likely that the method is applicable.
I doubt if there's problem about implementing it but the fact that most countries banned Bitcoin or having trouble trusting the volatility this might be the problem for them. What they need is a stable coins that would give them exactly what the salary supposed to be. Bitcoin is not suitable for that since the volatility of it is too high that's why I think most of the government/businesses avoid to use this kind of payment method.
but how about those employees who does not have that much knowledge about bitcoin, they might just accept it til they know it is volatile, very volatile.
I don't think anyone will accept a payment means they don't understand. If the employees wants it too
This is the vital area. There should exist an understanding and agreement before Bitcoin as method of payment can be effectively deployed.I remember once when I was to renew my annual rent in 2017 and I was moved to try the Bitcoin option (which seemed seamless for me) as my landlord was based in the US but I quickly dropped the idea as I soon realized that the dude was old school and may not understand or want to accept Bitcoin for payment. I was too laggard myself to try explaining anything to him then. The point I have laboured to make here is that this thing has to go with the parties involved coming to agreement before it could be used. You don't have to impose it on any employee. Otherwise you may run foul of the law as aggrieved employees can make a case out of it.
As long as the employee agrees to be paid in BTC then I think it is fine depending on the level of regulatory laws around crypto currency.
Usually, short term jobs pay in BTC irrespective of the above and there's been no problem because the person then when they cash out in their countries currency then they legally have to declare it as salary and pay tax on it.
So, as long as the employee extracts the money in legal way then I guess it is fine but I suggest to be mindful of the country's legality regarding pension.
As they mist see you as an employer who wants to pay their employee in crypto just to avoid paying corporate tax or something similar.
Usually, short term jobs pay in BTC irrespective of the above and there's been no problem because the person then when they cash out in their countries currency then they legally have to declare it as salary and pay tax on it.
So, as long as the employee extracts the money in legal way then I guess it is fine but I suggest to be mindful of the country's legality regarding pension.
As they mist see you as an employer who wants to pay their employee in crypto just to avoid paying corporate tax or something similar.
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.
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.
Interesting idea from you but i think if any government did not accept BTC to his country that must be foul and no body will accept it as its illegal. On the other hand BTC market is very fluctuating and and fixed salary may be ups and downs because of market condition and finally there is a chance of ban your company from govt side. So its only possible for that countries only where BTC legal.
thanks.
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.
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.
Hmm this will depend upon the corporation/business if they have the option of paying BTC as your salary. Not to mention, this would also require for its employees to know and have wallets that are compatible of accepting cryptocurrencies.
This will be relatively difficult for countries who are not exposed to cryptocurrencies since only a handful of people know its existence. In addition, you should take into consideration the laws of a country since there are regulations that require for companies to strictly pay currency for their salary. Even if the employee were to agree for bitcoin as salary, this can easily screw up the company if it exposes that they are being paid of bitcoin.
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What about your ideas if a company earns in cryptocurrency and will pay salary in cryptocurrency (ie Bitcoin), and company that earns in fiat, and pays in cryptocurrency. I would partly agree with salary in Bitcoin, if my company earns in crypto. But if company operates in fiat money, pay me in bitcoin, and later I convert it back to fiat. That situation have a broker logic.
What is your opinion?
I see your point in what you are saying.What is your opinion?
Its kinda useless if you will accept your salary in crypto (particularly in Bitcoin) if the company itself isn't accepting payments thru cryptocurrency. It will just cause a bit of confusion with the company and a lesser salary for you too because of the conversion fees probably and the transaction fees. That is why I don't see that this will be possible in most of the companies right now but I think there are some companies that are allowing this but these companies are accepting crypto at least.
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.
Afaik, japan planned to pay some of their government officials with cryptos in the year 2017/18 but I guess they dropped that idea since bitcoin is not really stable so the employee may not get the right amount of salary in the fiat value due to rapid price changes.But there is no problem with paying them in cryptos as long as cryptos are legal and regulated in that country. 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 a lot on your current location and what country you are in. You must know that different countries have declared online currencies illegal for the country. If you fall into any of these countries then you need to get rid of this worry. Because the governments of all these countries will never give you the legitimacy to do it. And even then, if you want to do this by going against the government, you may have to stand up to the law.
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.
I think it depends entirely on the government of that country; If the government of a country legalizes the use of Bitcoin as a currency and allows the payment of Bitcoin as salary allowances to employees of various departments of the government, then of course it is possible to give them Bitcoin as a direct salary in the Bitcoin wallet; This will increase the transparency and dynamism of the work. I believe that in the future, Bitcoin will be introduced as celery. 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.
What about your ideas if a company earns in cryptocurrency and will pay salary in cryptocurrency (ie Bitcoin), and company that earns in fiat, and pays in cryptocurrency. I would partly agree with salary in Bitcoin, if my company earns in crypto. But if company operates in fiat money, pay me in bitcoin, and later I convert it back to fiat. That situation have a broker logic.
What is your opinion?
What is your opinion?
You can agree with your employee on how to transfer wages. Bitcoin is also a good way to do that. Your employees must know about Bitcoin and accept transactions.
I think it's pretty tough because they'll have to find a way to liquidate bitcoin into cash. If it were me, I would accept 50% bitcoin and 50% cash.
I think it's pretty tough because they'll have to find a way to liquidate bitcoin into cash. If it were me, I would accept 50% bitcoin and 50% cash.
In my opinion,
Your plan to pay salaries to employees in bitcoin is a great idea. And I don't think the government will interfere with your internal problems.
BUT ....
You must be able to explain to employees how your system works. If the employees understand what you want, your problem is resolved.
NOTE.
Your company is not associated with the government
Your plan to pay salaries to employees in bitcoin is a great idea. And I don't think the government will interfere with your internal problems.
BUT ....
You must be able to explain to employees how your system works. If the employees understand what you want, your problem is resolved.
NOTE.
Your company is not associated with the government
It's not the question of whether employees want to receive payments in BTC, rather it's the question of legality of such payments. Sooner or later the government will interfere, make no mistake about that. Any state needs money to finance national defense, education, transportation, health care and so on. And those money come from taxes. So, the government should figure out first how to tax crypto payments, and only then allow it. Some countries have already done that, as we can see from replies in this thread.
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 the country you resides if the government is allowing their citizen to use bitcoin or they prohibits on using it. If it is legal, then there is nothing to worry about. The only thing you need to make sure is if your employees are willing to accept their salary in bitcoin or if they are not. 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.
Very important to consider this, knowing if your employees are willing to
received the payment using this cryptocurrency.
Most of those people who are not really aware of this system always avoid accepting this as payment due
to the nature of being unpredictable, value always at risk unlike regular fiat you are not worried about volatility.
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?
Is this method is not foul on the government? Or it is legal?
In my country it would be illegal because when the person receives the salary, social security money is always discounted and if you paid the person for bitcoin there would be no way for social security to discount the money. remembering that the money deducted from the person's salary by social security Is for the purposes of retirement and blood or death pension
Especially on the department of government that is about the labor or employment.
it would definitely be a big problem and I wonder how in the future governments would make someone pay bitcoin wages and at the same time the government discount for social security
Companies can pay the salaries of their workers in bitcoins only if it is legal in their country and sadly in most of the countries there isn't any whiteline regarding the legality and illegal aspects of cryptocurrencies and never to forget that even now only a few percentage of the world population know about cryptocurrencies, so why would companies go to such extremes for the benefit of their employees when they can easily pay their employees through cheques, bank transfer or in cold hard cash.
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.
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.
I think paying an employee using bitcoin just happen if you are working in online job related to cryptocurrency but if you work is in the government or other businesses ,I think they will not pay bitcoin because it is not yet legalize nor accepted by the government like here in our country. Also if ever there is a company that want to pay bitcoin to their employee ,I think only few people will accept it because not all employee or person are already using bitcoin, some of them are not even familiar with it and also the problem ,bitcoin is volatile, how can be an employee receive his/her salary in a fixed amount using bitcoin?
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