A lower house of the Argentine National Congress member has reportedly put forward a bill, aiming to make crypto-enabled salary payout legally available for a few selected workers. 

Specifically, Argentine Chamber of Deputies member José Luis Ramón reportedly revealed that the introduced legislation would be applicable to any individual working as an “exporter of services”, and the ones dependent on an employer for their wages. 

If the bill is approved, it would add crypto, aside from Argentine pesos, to the list of viable payment measures for partial or full salary payout. 

“The idea is that [workers] can strengthen their autonomy and retain the purchasing power of their remuneration. This initiative stems from the need to promote greater autonomy and governance of wages, without this implying a loss of rights or exposure to situations of abuse within the framework of the employment relationship.” Ramón reportedly remarked. 

Workers who offer out-of-nation services, nominally exporting, would not have to carry out the conversion of crypto to Argentine pesos, as they do for different other currencies. 

Law 27,541 – enacted by the Argentine National Congress in December two years ago – reportedly subject foreign currency to a 30% tax, but will not be applicable to Bitcoin (BTC) and other tokens. 

The crypto bill reportedly needs to obtain the approval from both the Argentine Chamber of Deputies and the Senate, prior to proposing to President Alberto Fernández for final consideration. 

The proposed legislation reportedly surfaced during the time when numerous lawmakers in Central and South American nations are reportedly urging for regulatory certainty as well as outright adoption of crypto.