Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well. In many jurisdictions that should be legal even in the absence of dedicated legislation. Switzerland, New Zealand, Japan and Estonia are a few examples. Companies and employees in these countries take advantage of the benefits that come with crypto payments.
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Temptation to Tax Crypto Income Works in Favor of Bitcoin Wages
Switzerland has already established itself as a crypto-friendly nation and it is a role model in many respects, including the way it treats cryptocurrency remuneration. Many leading companies and projects in the crypto space have already set up offices or are headquartered in the Swiss Crypto Valley, centered in the Canton of Zug. The long list includes names such as Shapeshift, Xapo, Bitmain, the…