• Home
    • Bitcoin News
    • Ethereum News
    • Scam News
    • Regulation News
    • Mining News
    • CBDC News
    • NFT News
  • Blockchain News
    • Web3.0
    • Metaverse
    • DeFi
  • New to Crypto?
  • Press Release
    • Sponsored
    • Advertise at Todayq News
Facebook Twitter Instagram
Todayq News
  • News
    • Bitcoin
    • Ethereum
    • Scam
    • Regulation
    • CBDC
    • Mining
    • NFT
  • Blockchain
    • Web3.0
    • Metaverse
    • DeFi
  • New to Crypto
  • Press Release
    • Sponsored
    • Advertise at Todayq News
Crypto Trading Experts
Twitter Facebook Instagram LinkedIn
Todayq News
News

Salaries in Argentina to be paid in cryptocurrency, bill proposed for approval

By Avantika Khajuria7 July 2021, 07:14 PM
Salaries in Argentina to be paid in cryptocurrency, bill proposed for approval

José Luis Ramón, Member of the Chamber of Deputies, submitted a proposal that would allow dependent workers and individuals who export services in Argentina to opt to receive all or part of their pay in cryptocurrency.

This provision, in addition to enhancing the autonomy of dependent and self-employed employees, provides them with a contemporary system for preserving their remuneration buying power without requiring its conversion into foreign currency.

Presenté un proyecto de ley para que los trabajadores en relación de dependencia y exportadores de servicios tengan la opción de cobrar su sueldo entero o parcial en criptomonedas. La idea es que puedan fortalecer su autonomía y conservar el poder adquisitivo de su remuneración👇

— José Luis Ramón (@JoseLuisRamonOk) July 6, 2021
Translation: I presented a bill so that workers in a dependency relationship and exporters of services have the option of receiving their full or partial salary in cryptocurrencies. The idea is that they can strengthen their autonomy and conserve the purchasing power of their remuneration

Similarly, this idea permits self-employed employees who export services to other countries to keep their purchasing power while entering the nation.

Workers who supply services overseas should not convert their earnings to Argentine pesos according to the official quotation in the Single Exchange Market, as required by law, because cryptocurrencies are not considered foreign currencies.

Related: El Salvador declare BTC Law to be effective in September, Govt. welcomes E-Wallet

As previously reported, the plan stipulates that the employee must clearly tell the company that he/she wishes to receive his/her salary in digital currencies. In addition, the person will be able to decide if you want to charge all or only a part in cryptocurrencies and choose which one. 

Bitcoin, stablecoin DAI, and other cryptocurrencies are being utilized by Argentines to defend their economy against overprinting and failed governmental acts. If this bill is passed, the usage of cryptocurrencies on a daily basis might become a reality in Argentina.

Deputy Ramón’s bill on cryptocurrency is not the first to be introduced in the Argentine Chamber of Deputies (HCDN). A Deputy from the Frente de Todos introduced legislation to regulate cryptocurrency. That initiative was forwarded to the HCDN’s Finance committees, General Legislation and Budget and Finance, but it never made it to the main hall of the chamber for a vote.

New to Crypto? Enroll in Cryptocurrency Course at Todayq Education

Argentina Bitcoin Legal
Share. Facebook Twitter LinkedIn Telegram WhatsApp Reddit
Must Read

Crypto exit scams surpass DeFi exploits in May; over $45 million losses compared to $17 million

Central Banks of Hong Kong and UAE to work on Crypto regulation and fintech development

US debt ceiling bill removes the Crypto tax; receives bipartisan support

Instagram
Recently CryptoQuant, an on-chain analytics firm, published insights on Bitcoin’s supply and investor sentiment for May 2023. The firm revealed that the exchange reserves have significantly declined as the investor’s holding sentiment has continued to grow.
In a significant development for the world’s leading cryptocurrency, Bitcoin, long-term holders (LTHs) have reached an all-time high, now holding a staggering 78% of the total circulating supply.
In a recent development, Bitcoin miners have been observed moving their assets, which could potentially trigger further selling pressure if these assets are liquidated.
According to a recent report, Turkey recorded the highest growth in crypto ownership from 2021 to 2022. Reportedly the crypto ownership in Turkey has marked a splendid 27.1% increase from July-September 2021 to July-September 2022.
Company
  • About Us
  • Careers
  • Terms & Conditions
  • Privacy Policy
Products
  • Crypto Signals
  • Todayq News
  • Koinpr
  • Todayq Education
Support

Advertise

Email: news@todayq.com

Connect With Us
  • Twitter
  • Facebook
  • Instagram
  • LinkedIn
All rights reserved by Todayq Technologies Private Limited

Type above and press Enter to search. Press Esc to cancel.