As revealed recently, the Argentine National Congress has introduced a bill for the workers to be paid in crypto. The new legislation will be allowing certain workers in the country to receive a segment or all of their salary in crypto assets. Legislation of Argentine National Congress to Allow Workers to be Paid in Crypto José Luis Ramón, a member of the Argentine Chamber of Deputies shared a tweet on Tuesday that revealed that his proposed crypto bill would be applied to anyone who is working as an exporter of services. Ramón said: “The idea is that [workers] can strengthen their autonomy and retain the purchasing power of their remuneration. This initiative stems from the need to promote greater autonomy and governance of wages, without this implying a loss of rights or exposure to situations of abuse within the framework of the employment relationship.” In accordance with La Nueva Manana, a local news outlet, the workers who provide services such as exporting would not mandatorily need to convert their crypto income to Argentine Pesos as they do with other foreign currencies. Law 27,541, which is passed by the Argentine National Congress in the month of December of the year 2019, established a 30% tax on foreign currency. However, the cryptocurrencies such as Bitcoin and other tokens may not fall within this legal framework. Crypto Bill to be Sent to Alberto Fernandez For Approval For the crypto bill to be sent to Alberto Fernandez, the President, the bill must be passed by both the Senate and the Argentine Chamber of Deputies. The proposed bill comes as some of the lawmakers in the Central and South American countries are pushing for regulatory clarity or outright acceptance of crypto. As reported last month, El Salvador passed a law making Bitcoin a legal tender, and that the legislation will go into effect on September 7.
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