Argentine Deputy Proposes Bitcoin Salaries in New Bill

Alex Dovbnya

An Argentine deputy has submitted a bill that would let workers receive salaries Bitcoin

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Wed, 7/07/2021 - 17:24

Argentine Deputy Proposes Bitcoin Salaries in New Bill

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José Luis Ramón, Argentine’s national deputy for the Mendoza province, has submitted a new bill that, if passed, would allow workers to collect salaries in Bitcoin and other cryptocurrencies.

Ramón claims that the initiative could preserve the purchasing power of employees while increasing their financial autonomy.

Under the proposed bill, workers could opt to be paid fully or partially in crypto.

Those Argentines who work overseas would not have to convert their earnings to the peso after returning home.

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Due to its economic turmoil, Argentina ranks high in grassroots cryptocurrency adoption together with other Latin American countries such as Venezuela, Brazil, and Peru.
As reported by U.Today, the El Salvador government also had discussions about paying employees in Bitcoin in June.

#Bitcoin News #Cryptocurrency Adoption

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.