Some companies around the world are offering to pay their employees in cryptocurrencies, a controversial and complicated choice that can cause problems for workers. Though employees of crypto companies are often enthusiastic about the alternative currency payments, the volatile nature of cryptocurrencies and the unclear tax laws that govern the assets point to potential headaches down the line.
Cryptocurrencies are decentralized digital assets, like bitcoin, that make use of blockchain technology. The decentralized nature of cryptocurrencies allows for greater privacy and independence from overseeing bodies, but also leads to volatile and fluctuating value within the cryptocurrencies.
“Most of the people who pay in cryptocurrencies are…
Credit to Katie Nadworny for the original post.