New-age Indian tech companies are using cryptocurrency for pay, perks

There are two approaches taken by employers. One is to register their entities in crypto-friendly nations and pay their employees in cryptocurrency to avoid any legal or tax hurdles. The second is to record the payment as a rupee transaction in their books, but to facilitate the conversion of the rupee into cryptocurrency.

source https://economictimes.indiatimes.com/jobs/new-age-indian-tech-companies-are-using-cryptocurrency-for-pay-perks/articleshow/81360708.cms