According to the Economic Times dt. March, 2021, international crypto companies recruit engineers and back-end developers in India as contractors. This man power is paid in cryptocurrencies. In India cryptocurrency status is still a grey area, neither legal or illegal. Remuneration in cryptos facilitate cross-border transfers, and cost less than bank transfers. Manpower has the option to receive the compensation fully in cryptos or in part cryptos and in part fiat currencies. Crypto transactions could be violating the Foreign Exchange Management Act (FEMA). There is confusion about the nature of cryptos — whether a currency, a product or both. RBI expects remuneration to be in a currency recognised by it.