How is Bitcoin regulated in the United States?
Bitcoin regulation is an ever-evolving topic, especially in the United States where national legislation is impacted by individual states.
BitPay, a Bitcoin payment service provider and wallet firm has decided to make a shift towards remote work on a permanent basis.
Bill Zielke, BitPay’s CMO, commented that the team is currently working at a fully remote capacity owing to the COVID Coronavirus and will remain under this approach until further notice. He added:
“Then, employees will have option to use our offices or remain remote. We plan to have office space for meetups, training, customer events, and company gatherings and events.”
Stephen Pair, co-founder and CEO of BitPay, noted that the virtual measures in place worked well, saying:
βWe were closely following the coronavirus and immediately recognized its significance. As a result, the executive team implemented a virtual plan to continue business as usual for the well-being of our employees. The work from home policy worked out well, so we turned to cyberspace for continued work.β
Given that the cryptocurrency is an internet-based industry, it stands to reason that the companies within the field would be well positioned to flourish under remote work. This has been a trend across online spaces, with other cryptocurrency platforms such as Binance taking a remote-approach for the forseeable future.
A release shows that the majority of employees (a whopping 85%) would opt for remote work, commenting that they are more productive from home. In response to this, the company decided to make the work-from-home approach permanent. Regarding this shift, Andrew Kelin, the marketing director of BitPay, stated:
βIt took a bit of adjusting to working from home because I am an outgoing and social person. I am grateful to have this flexibility and my team is able to collaborate and work together as if we were side-by-side.β
According to Zielke, BitPay staff are taking the remote-work positively at a global scale saying: “While the team in Argentina all said they would prefer to work from home and are more productive, 86% of the U.S. and 75% from Amsterdam employees said so as well.”
Bitcoin regulation is an ever-evolving topic, especially in the United States where national legislation is impacted by individual states.
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