An expert Q&A with Nyron Persaud and Mary Lewis of Cooley LLP on using cryptocurrency to compensate employees and other service providers. The experts focus primarily on token-based awards, addressing how they compare to traditional equity-based awards, the most common types of token-based awards, tax and securities laws considerations, and administrative challenges. The experts also address obstacles to paying wages in convertible digital currency and why defined contribution plan fiduciaries must exercise caution before adding cryptocurrency investment options to their plans.