Argentina’s legislature introduces bill allowing employees to receive salary in cryptocurrency

A bill has been introduced in Argentina allowing employees to charge in cryptocurrency. He explained that the idea was that employees could ” increase their autonomy and retain the purchasing power of their rewards.”

José Luis Ramon, Argentina’s national delegate from Mendoza province, tweeted that he had introduced a bill allowing workers to receive salaries in bitcoins. He wrote how it was translated by Google:

I’ve drafted a bill that allows independent employees … have the opportunity to receive a full or partial salary in cryptocurrencies.

“The idea is that they can strengthen their autonomy and retain the purchasing power of their rewards,” he added.
Argentina’s legislature says cryptocurrencies have been used “for a long time because of the benefits they offer.””
“This project came about as a result of our participation in the Knowledge Economy Forum a few years ago and we saw the need to address some of the issues,”the MP said.

After Salvador made bitcoin a legal tender, Argentine lawmaker Francisco Sanchez temporarily pointed to his profile photo and tweeted: “I can’t believe it, but it is.”
The spread of cryptocurrency in Argentina has grown. A report in May showed Argentines were increasingly interested in bitcoins, ether and stable coins. Ripio Director Juan José Mendez noted that” the pandemic has accelerated the adoption of crypto platforms.” Today we have 1 million users in Argentina, whereas at the beginning of 2020 there were 400 thousand people, and this figure increases from month to month.”
A survey conducted in Argentina last year found that 73.4% of respondents believe cryptocurrencies are the most effective way to protect and protect their funds under the current economic scenario.
The full invoice can be found here.

What do you think of the Argentine account that allows employees to get paid in bitcoins? Tell us in the comments below.

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