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Can Employers Pay Wages in Cryptocurrency?

ThomsonReuters

He also noted that New York City would be the center for the cryptocurrency industry. Cryptocurrency is becoming more used by consumers and more accepted by merchants and financial institutions as payment for services and products. However, when it comes to wages, can employers pay employees in cryptocurrency?

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Cryptocurrency terms: A beginner’s guide to advise your clients

ThomsonReuters

As the acceptance of cryptocurrency continues to grow, more and more clients are seeking guidance in navigating the intricate complexities of virtual money. Common Cryptocurrency terminology Cryptocurrency mining : A process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger.

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Binance to buy FTX in major cryptocurrency exchange merger

The Guardian M&A

Public squabble between the two largest offshore exchanges’ bosses led to run on FTX and forced sale The two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance’s chief executive, Changpeng Zhao, and FTX’s boss, Sam Bankman-Fried, triggered a bank run at the latter’s exchange and an embarrassing (..)

Banking 94
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Insider Traders Have Found Their Way to Cryptocurrency Markets

Reynolds Holding

Securities and Exchange Commission (SEC) commenced the first ever lawsuit charging insider trading in cryptocurrency markets. A former employee of Coinbase – a major cryptocurrency exchange – together with his brother and a friend, were arrested and charged with wire fraud in connection with a scheme to commit insider trading. [1]

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The Ripple and Terraform Cases Tee Up a Dramatic Showdown over Cryptocurrency Regulation

Reynolds Holding

District Judge Jed Rakoff in New York decided a case with significant implications for how and even whether the Securities and Exchange Commission can regulate cryptocurrencies as a security. This contradicts what we know about who purchases cryptocurrency in the United States and why. That’s astounding.

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What Boards Should Know About Digital Assets

Harvard Corporate Governance

Blockchain, the underlying distributed ledger technology (DLT) for managing digital assets, is also gaining considerable traction, providing companies with the ability to transform some aspects of how they do business. Using cryptographic technology, digital assets are secured, exchanged, and verified in decentralized digital ledgers.

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With 11.1% CAGR, Cryptocurrency Market Size Worth USD 1902.5 Million in 2028

Benzinga

Pune, India, May 05, 2022 (GLOBE NEWSWIRE) -- The global cryptocurrency market size is likely to reach USD 1902.5 In its report titled "Cryptocurrency Market Size, Share and Growth", Fortune Business Insight mentions that the market stood at USD 826.6 Cryptocurrency Market Size in 2020. during the forecast period. 2021 to 2028.