A New Bill Submitted By Argentine Lawmaker Propose Bitcoin Salaries

An Argentine lawmaker introduced a bill that will allow workers to receive salaries in Bitcoin.Read: Allied Payment Network Partners With NYDIG To Put Bitcoin On Their Balance SheetJose Luis Ramon, Argentina’s national deputy from the province of Mendoza, has introduced a new bill that, if passed, would allow workers to receive wages in bitcoin and other cryptos.Ramon argues that this initiative could preserve the purchasing power of employees while increasing their financial independence.: Bitcoin Mining Difficulty Gets Biggest Drop In BTC HistoryHe said on Twitter (Translated):“I presented a bill so that workers have the option of receiving their full or partial salary in Bitcoin or other crypto. The idea is that they can strengthen their autonomy and conserve the purchasing power of their remuneration.”“This initiative arises from the need to promote greater autonomy and governance of the salary, without this implying a loss of rights or exposure to situations of abuse within the framework of the employment relationship,”Presenté un proyecto de ley para que los trabajadores en relación de dependencia y exportadores de servicios tengan la opción de cobrar su sueldo entero o parcial en criptomonedas. La idea es que puedan fortalecer su autonomía y conservar el poder adquisitivo de su remuneración- José Luis Ramón (@JoseLuisRamonOk) July 6, 2021Under the proposed bill, workers can choose whether to receive full or partial pay in cryptocurrency.Those Argentines who work abroad will not have to convert their earnings into pesos upon returning home.Argentines faced a devaluation of the peso from $0.02 to $0.006 in just 18 months and an annual inflation rate higher than 40%. They are only permitted to buy up to $200 a month in dollars through official channels with an additional tax of 65% over the official quote.Because of these restrictions, many Argentines have started to adopt stable cryptocurrencies such…