
The only drawback here is that salary payments up to the minimum wage must be paid in fiat and everything above that can be paid using cryptocurrency. To get an idea of how favorably the Costa Rica government views cryptocurrency, it is one of the few countries in the world where workers can legally be paid in crypto.

In this article, we’ll explore what’s going on in Costa Rica and why it could become one of the blockchain powerhouses of the future. However, other crypto hubs such as Costa Rica are quickly emerging too. Well known pro-cryptocurrency countries include the likes of Singapore and Switzerland. The good news is that some countries are backing blockchain or adopting a ‘do no harm’ approach to this emerging tech movement. Other countries like the US, India, and China are still assessing and creating the regulatory framework around the industry.Īll this fear, uncertainty, and doubt have driven crypto investors and crypto projects alike to search for crypto havens where they will be welcomed with open arms and able to focus on creating the decentralized world of the future. Bangladesh has gone as far as to enable cryptocurrency holders to be sentenced to 12 years in prison for the crime of owning crypto.
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