3 ms·
So, slightly on a tangent, but I feel it is still applicable: several of the people I work with live in countries with restrictive currency controls, specifical
by nixlim 4y ago
So, slightly on a tangent, but I feel it is still applicable: several of the people I work with live in countries with restrictive currency controls, specifically, moving money out of the country above certain trivial sum requires gov permission which is granted for specific purposes only. Opening an account in another country is both illegal from their local perspective and is not straight forward generally for anyone else - I tried opening a US Bank account from the UK and that was not easy. Being paid in BC allows for a lot of flexibility for them.
I think the point about 1st world bubble is fair, in my opinion
- yunohn 4y agoThe examples you state are not the primary reason that people want to be paid in crypto. It’s the potential for a speculative windfall and desire to avoid taxation that drives the need.
- toolz 4y ago> The examples you state are not the primary reason that people want to be paid in crypto This claim can be dismissed as easily as it was made. Quite literally everyone I know getting paid in crypto (which is only a dozen or so) would rather be paid in fiat but can't because of regulations.
- lottin 4y agoWhat regulations prevent people from getting paid in "fiat" currency?
- nixlim 4y agoTo pick one: - getting paid from abroad qualifies a journalist, or anyone for that matter, as foreign agent in Russia. This comes with obligations of monthly income/expenditure reporting, and unemployability for as long as you are on that register.
- lottin 4y agoThe law states that you only qualify as foreign agent if you get paid in fiat specifically? Sounds a little strange.