LOS ANGELES – In his guest column entitled “Want to pay employees in crypto? Not so fast” published today in the California Daily Journal – one of the largest 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.
“Cryptocurrency is the future of money” writes Mr. Rushovich. “But until the world catches up with the crypto craze, it doesn’t make sense from a legal standpoint for any company to pay employees in crypto.” Mr. Rushovich cites to several legal problems with such a payment scheme, including tax, legal and practical issues.
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