RATE Group | Cryptocurrency Acceptance Rapidly Rising in Costa Rica
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Cryptocurrency Acceptance Rapidly Rising in Costa Rica

26 Jul Cryptocurrency Acceptance Rapidly Rising in Costa Rica

Posted at 03:49h in Cryptocurrency News by

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Some Costa Rican workers have recently starting taking a portion of their salaries in cryptocurrencies — a fact lawyer Rolando Perlaza believes “is a trend that could take hold in the country.”

Costa Rican Cryptocurrency Incentives

Cryptocurrency is rapidly gaining a foothold in Costa Rica, as some workers are choosing to accept a portion of their salaries in cryptocurrencies.

However, Perlaza — a lawyer at high-profile Central American law firm Nassar Abogados — doesn’t believe that cryptocurrencies could totally replace fiat currencies in the country. Rather, he believes the new asset class can be used as a supplemental incentive, explaining to The Costa Rica News:

This type of payment would in no way replace traditional or liquid cash. It would rather become an incentive for the workers, who could decide if they accept these currencies as payment for their services. They are protected under article 166 of the Labor Code.

According to an October 2017 directive from…

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