Argentine Legislature Takes Bill Allowing Workers to Receive Salary in Cryptocurrency – Regulation Bitcoin News

A law has been passed in Argentina that allows workers to receive their salaries in cryptocurrency. He explained the idea is that workers can “increase their autonomy and maintain the purchasing power of their pay”.

  • Argentina’s national MP for Mendoza Province, José Luis Ramón, tweeted that he had introduced a law allowing workers to be paid in bitcoin. He wroteas translated by google:

I have tabled a bill so that self-employed people … have the option of receiving their full or partial salary in cryptocurrencies.

  • He added, “The idea is that they can strengthen their autonomy and maintain the purchasing power of their remuneration.”
  • Argentine lawmakers said that cryptocurrencies “have long been used because of the benefits they offer”.
  • The deputy commented: “This project arose from our participation in the Knowledge Economy Forum a few years ago, where we saw the need to solve some problems.”

  • After El Salvador made Bitcoin legal tender, Argentine MP Francisco Sánchez temporarily turned laser eyes on his profile picture and tweeted, “I can’t believe it, but that’s how it is.”
  • The acceptance of cryptocurrencies has increased in Argentina. In May, a report found that Argentines were increasingly interested in bitcoin, ether and stablecoins. Juan José Méndez, Director of Ripio, commented at the time: “The pandemic has accelerated the adoption of crypto platforms. Today we have 1 million users in Argentina than we had 400,000 in early 2020, and that number is growing month by month. “
  • A survey conducted in Argentina last year found that 73.4% of respondents felt that cryptocurrencies were the most effective way to save and protect their funds in the current economic scenario.
  • You can find the full invoice here.

What do you think of the Argentine law that allows workers to be paid with Bitcoin? Let us know in the comment section below.

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