A recent ruling by Chinese courts has determined that cryptocurrencies cannot be used as a form of wage payment, emphasizing that their different status from legal tender is not protected under labor law. This decision was made by the People's Court of Qianhai Cooperation Zone in Shenzhen in a labor dispute case, warning employers against paying wages in cryptocurrencies. An engineer claimed that part of his salary should be paid in cryptocurrency, but the court ruled that this violated national labor law provisions, as cryptocurrencies do not have the status of legal tender. Additionally, former China Securities Regulatory Commission official Yao Qian has been prosecuted for allegedly accepting bribes using digital currency, sparking further discussion on the legal use and regulation of digital currencies.

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