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Russian companies barred from paying employees in cryptocurrency, official ban in effect

The Federal Labor Inspectorate and the Ministry of Labor and Social Protection have officially announced that Russian companies are prohibited from paying employees in cryptocurrency, even partially. According to the Labor Code, wages must be paid solely in rubles.
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AI Analysis

The recent decree from Russian labor authorities emphasizes the nation's strict stance on cryptocurrency transactions, especially concerning employee remuneration. By mandating that wages be paid excl...

AI Recommendation

Given the official stance banning cryptocurrency payments for wages, companies operating in Russia should ensure compliance with this regulation. Transitioning to strictly ruble-based payments is nece...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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