Can Your Salary Be Paid In Bitcoin?

Bitcoin can be briefly defined as a new virtual payment system. It provides an online payment opportunity for the purchase of goods and services. Transactions in Bitcoin can be made between users without the need of an intermediary, as the system that does not require a central pool or sole manager, making it the first non-centralised currency.

Can your salary be paid in Bitcoin?

As in many other areas, Bitcoin also raises a lot of questions in the field of labour law. The most basic of these is whether salary, notice and severance payments can be made with virtual money instead of "real" currency.

In Turkey, the labour law procedures and principles are regulated under Labour Law No. 4857 dated 22 May 2003 ("Labour Law"). In accordance with Article 32 of the Labour Law, remuneration is defined as "the amount paid in money to an individual by an employer or a third party in exchange for a job." In addition, it has been stated with regards to payment systems that