Should you start accepting salary in Bitcoin?

economictimes.indiatimes.com:

Now, the big question is, should you be drawing your salary in the form of crypto? Bitcoin has grown extremely popular over the past few years with countries like El Salvador adopting them as legal tender. This has pushed many companies and individuals towards using cryptocurrencies as alternatives to traditional money as it is free from large fees and regulations, complex taxation, and so on. However, if you are planning to look at crypto as an alternative to traditional money as your paycheck, here are some important things you’ll need to evaluate. Crypto as legal tender India received some clarity on cryptocurrency this year, when the government clarified that it might have value but will not be legal tender (just like commodities such as gold and diamonds that have value of their own, but are not legal tender).

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Apart from El Salvador, which in September last year adopted Bitcoin as legal tender, no other country has officially made crypto a legal tender. India is working on legislation to regulate cryptocurrencies but a public draft hasn’t been released yet. Meanwhile, the RBI has planned to launch the “Digital Rupee”- a central bank-backed digital currency, which will start circulating in the next fiscal year to usher in a cheaper & more efficient currency management system. Bitcoin in India and the government Unlike the traditional currency created by the central bank, the Indian rupee gets its value from the guarantee of the government banking system, Bitcoins have no intrinsic worth and are valued only by the market forces of supply and demand. Thus making the value of a cryptocurrency