NATIONAL – In his guest column entitled “Crypto Paychecks Are A Risky Venture For Employers” published today in Law360 – one of the most prominent online legal publications in the United States – Rise Law Firm Partner Eliot Rushovich described the risks and pitfalls of the newest trend of paying employees their compensation in cryptocurrency.
“In a world where cash is becoming obsolete, cryptocurrency is fast gaining adherents. But companies should think twice before agreeing to pay their workers with virtual money” writes Mr. Rushovich. Mr. Rushovich cites to several problems with such a payment scheme, including tax, legal and practical issues.
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