Argentine Lawmaker Introduces Bill For Wages To be Paid in Crypto

José Luis Ramón, an Argentine lawmaker for the province of Mendoza, has introduced a bill to allow workers and services exported to be paid the entirety or part of their salary in crypto.

Congressman Jose Luis Ramon tweeted: “The intention behind the bill is to, “strengthen their autonomy and allow them to keep the acquisitive power of their salary.”

“This initiative is born of the necessity to promote autonomy over the governance of the salary, without implying a loss of rights or exposure to situations of abuse within the framework of the employment relationship.”

The billing project defines what would be considered as a Cryptocurrency in Argentina, as well as grants employees with full control over how their wages would be paid in accordance with this payment method.

This control includes choosing what cryptocurrency would be used for the payment, what percentage of their salary would be paid in this way, and the option to opt-in/opt-out/or modify it at any moment.

Two different systems could be chosen by employees: they could either agree payment in pesos equivalent to the pricing of their preferred cryptocurrency or direct flat payment in cryptocurrencies.

While the Argentinian government is still to establish a legal framework for cryptocurrencies in the country, it has kept a friendly attitude toward the new technology.

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