Argentine lawmaker proposes a bill to allow workers be paid in crypto
What do you do if your salary is losing its buying power faster than you spend it, and converting it to another currency is not an option?
The government of Argentina put its people in this desperate situation by restricting monthly foreign currency purchases to the equivalent of only $200, and then introducing a 30% tax on these purchases – all while the peso continues to fall even against the dollar, subject to inflation itself.
There may be some reasonable people among its lawmakers though. A member of the lower house José Luis Ramón proposed a bill allowing workers to receive a part or a total of their salary in crypto, so that they “can strengthen their autonomy and retain the purchasing power of their remuneration”.
It won’t be easy for this bill to pass, but the mere fact that there are politicians willing to take such decisions is reassuring and can give the Argentines some clues for the upcoming November legislative election.
