Abstract
Subject and purpose of work
This article presents a comprehensive analysis of the use of cryptocurrencies for salary payments, examining both economic and legal dimensions. As digital assets gain traction globally, their integration into payroll systems raises critical regulatory, financial, and social considerations.
Materials and methods
Adopting an interdisciplinary approach, the study evaluates the implications of cryptocurrencies’ inherent characteristics – such as volatility, decentralization, and regulatory ambiguity – on their feasibility as a payment method.
Results
Special attention is given to employer and employee protections, comparing legislative frameworks from the European Union (MiCA), Canada, and the United Kingdom. The research highlights the need for regulatory harmonization and explores the potential of centralized cryptocurrencies and CBDCs as stable alternatives. Findings underscore the strategic importance of transparent governance and legal safeguards to mitigate risks, ensuring financial security for market participants.
Conclusions
The study concludes with recommendations for policy development aimed at facilitating the responsible adoption of cryptocurrency-based remuneration while addressing socio-economic challenges.