Author: Katarzyna Magnuska

Payment of salary in cryptocurrency: Is it possible in Poland?

Blockchain and cryptocurrencies based on it continue to fire the imagination. It’s no surprise that more and workers, particularly in IT, are interested in being paid in crypto. But is it permissible in Poland to pay workers and contractors in this form?

Crypto as a new employee benefit

According to various estimates, there is a shortage of about 50,000 IT specialists in Poland. So there is a pitched battle underway on the market to recruit and retain experienced programmers, forcing companies to offer various benefits to attract IT talent. Meanwhile, in Poland and around the world, despite huge declines in the value of cryptocurrencies in 2018–2020 (a period dubbed “crypto winter”) and again in recent weeks, the interest in digital currencies continues to grow. These trends are combining to cause more and more employers, particularly in the FinTech sector, to consider offering staff a portion of their salary in cryptocurrency or giving the choice of the currency in which they will receive their salary—fiduciary money or digital.

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