I don't have lot knowledge about different things about legalities or some government things.
I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet.
Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.
I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.
Hmm this will depend upon the corporation/business if they have the option of paying BTC as your salary. Not to mention, this would also require for its employees to know and have wallets that are compatible of accepting cryptocurrencies.
This will be relatively difficult for countries who are not exposed to cryptocurrencies since only a handful of people know its existence. In addition, you should take into consideration the laws of a country since there are regulations that require for companies to strictly pay currency for their salary. Even if the employee were to agree for bitcoin as salary, this can easily screw up the company if it exposes that they are being paid of bitcoin.