This is such as good news to hear. Not only will this increase the demand of the crypto, this will flourish the economic condition of the country. Apart from that, this will create more jobs and will increase the miners in numbers.
Topic: Costa Rica, Workers to Paid in cryptocurrency! - page 3. (Read 540 times)
It is a good news , others countries should follow suit
this is good in some ways, bad in others. Those who link the Legal system, AML/KYC/Legal name via workplace really need to learn about their privacy and ways to protect it going forward.
https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/
In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.
The real question is, if this trend will become successful in long term or will not last long?
after japanese now costarika, i am very happy to hear this news.In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.
The real question is, if this trend will become successful in long term or will not last long?
hopefully something like this will be followed by other countries, and I am very confident that one day it will be realized.
This news is a great success for cryptoworld. In future I hope many more news like this will come as the world finally realized the importance of cryptocurrency. As a result many more country will be interested in bitcoin payment. And workers also have the opportunity to invest in digital market.
i hope its true and i hope finally it will accepted as payment and it will not only help costa rica workers but there economy also .
You sure the article is for us? It is actually talking about paying part of citizens salaries in goods, here: "The country’s legislation allows employers to partly remunerate their staff with goods that are not currency"
It all depends on whether cryptocurrency is considered a currency, asset or both in the country.
Ofcourse it will last if it's meant for us. The salary allocation should be below 40% though due to volatility. I would allocate just 15 - 30 percent
It all depends on whether cryptocurrency is considered a currency, asset or both in the country.
Ofcourse it will last if it's meant for us. The salary allocation should be below 40% though due to volatility. I would allocate just 15 - 30 percent
Good news but only to lift the moral state
Costa Rica is a country with limited economy
The btc trade volume is very small
So I think this news will have a very limited impact on the market
But overall it is a step along the way
Costa Rica is a country with limited economy
The btc trade volume is very small
So I think this news will have a very limited impact on the market
But overall it is a step along the way
This surely is a good news in the crypto world yet l believe people should do more researches on digital currency and have a good knowledge about technological advancement through this. As long as the country’s government shows its support then it is good for the mass citizens.
Surely this kind of news will very soon begin to populate the globe, at least this is not the only ones in this category there are more other workers receiving BTC and Alts for salary just about the ones globally reported.
If cryptocurrency has some stability then it will be a good thing for the workers. Otherwise i think it won't last long as a payment system for the workers.
https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/
In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.
The real question is, if this trend will become successful in long term or will not last long?
In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.
The real question is, if this trend will become successful in long term or will not last long?
Oh wow. This is a good news we all must embrace. The government really needs an applause. This is what the other government should learn and start in their countries. Bitcoin really has good things to offer so we shouldn't undermine its relevance.
Should this be realized, then it is a major breakthrough for the Crypto world. But they will have to find a way around the price volatility so it doesn't show much difference in value immediately after payment.
workers paid with cryptocurrency must match the wage currency in that country, because we know if cryptocurrency is currently increasing and decreasing. so I think this might be a new breakthrough and can be replicated in different countries.
This is a great news! I hope this could make the price go up also. So that, we people could get a higher chance on our trades. I do hope that this certain event will be available in our country too.
https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/
In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.
The real question is, if this trend will become successful in long term or will not last long?
Depending on whether the person accepts it. We know that the price of bitcoin is volitile and it may affect them especially where they rely on their needs everyday. So I think it will not last long because it's a problem. In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.
The real question is, if this trend will become successful in long term or will not last long?
All over the world cryptos are getting accepted because their governments are thinking about their people. Whereas, some countries have taken very rigid stand of not legalizing cryptocurrency because they cannot get tax from that. In my opinion, government should always try to make their people's life easier.
Another good news in field of crypto currency, im still looking for this news long time ago, and guest that its impossible to implement, but look at what they have done, costa rica recognize bitcoin, and i hope that there are more company follow this method to pay their workers, i think this would last for long because bitcoin is a long term program.
https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/
In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.
The real question is, if this trend will become successful in long term or will not last long?
In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.
The real question is, if this trend will become successful in long term or will not last long?
This is a good news to be spread, Costa Rica are now adopt and legalized bitcoin as their way of payment in the salary of their employee's, this is mean's that bitcoin is qualified as a new digital money currency. And I think the other country's are followed also about this development.
https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/
In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.
The real question is, if this trend will become successful in long term or will not last long?
In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.
The real question is, if this trend will become successful in long term or will not last long?
How will Govt tax them. Lets say that they are paid in Bitcoins every month, what is price of Bitcoin declined near the time when they have to pay taxes?
Giving salaries in crypto makes matters more complex and doesn't achieve anything. Considering volatility of this market, workers may incur losses due to it and then they'll stop accepting crypto as their salaries. Instead of giving salaries in crypto, people should be educated about crypto industry and technology.
So, I think this trend won't last long because Bitcoin can't replace fiat as long as whales are there, and hence, high volatility is there.
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