Navigating Crypto Compliance as a Freelancer
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More freelancers are accepting cryptocurrency, but it’s not just about getting paid faster—it comes with compliance challenges.Regulations like AML and KYC rules mostly target exchanges, but freelancers can be caught in the crossfire. Depending on your location, crypto may be considered an asset, currency, or security, and new legislation like the GENIUS Act is changing the landscape constantly.
Tip: Keep meticulous records of transactions and know your client verification obligations to avoid regulatory headaches. -
Freelancing in Crypto:
Getting paid in BTC or stablecoins is fast, but rules differ everywhere—crypto might be taxed as an asset, currency, or even security.
Keep track of shifting laws like the GENIUS Act to avoid compliance pitfalls. -
️ Crypto Pay ≠ Compliance-Free:
Freelancers face AML/KYC spillover even if rules mainly hit exchanges.
Always check how your country classifies crypto earnings—laws evolve quickly, and staying updated protects your income.