NEW DELHI: Increasingly, freelancers working with overseas clients are receiving payments in cryptocurrencies . Also Read | Assam shakes up the micro loans universeBut lawyers caution against accepting payments in cryptocurrencies. For a client based in a country where trading of cryptocurrencies is permissible, and they can make cross-border payments in them. As there is ambiguity and the law is not yet settled, many individuals continue to trade in virtual currencies. But those receiving payments in cryptocurrencies need to keep in mind that they are not considered legal tender.

Source: Mint March 01, 2021 12:46 UTC