For U.S. employers curious about paying their employees in Bitcoin, attorney Bryan Jacoutot explains legal uncertainties that employers need to consider in his article published by Bitcoin Magazine. Mr. Jacoutot discusses the Internal Revenue Code, the Fair Labor Standards Act (FLSA), classifying workers as employees or independent contractors, state laws and regulations concerning wages, and overtime exemption rules.
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Bitcoin Compensation Compliance: Navigating Murky Waters
Small wonder, then, that another question further down the line of acceptance is increasingly popping up among some intrepid entrepreneurs: Can I pay my employees in bitcoin?