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However, there’s a big difference between letting employees convert their checks into cryptocurrencies and flat out paying them in cryptocurrency. In April, a representative for the U.S. Department of Labor explained that regulations under the Fair Labor Standards Act FLSA require that payment is made by cash or check and that they have to be paid unconditionally. Essentially, all you need to get paid in Bitcoin is a decentralized digital wallet. While some cryptocurrency payroll agencies exist, like Bitwage, which helps companies to pay their employees in Bitcoin and other cryptocurrencies, your employer can also simply send you your wage in Bitcoin through your digital wallet. Receiving a crypto salary can provide many opportunities and benefits, including the ability to invest in cryptocurrencies and diversify income streams. Using a crypto salary to pay for daily needs is becoming easier as more merchants and businesses accept cryptocurrencies as payment. However, it is important to understand the tax implications of receiving crypto as a salary and to keep detailed records of all cryptocurrency transactions.

• btktoken.io/