Odaily Planet Daily reported that the People's Court of Qianhai Cooperation Zone in Shenzhen recently ruled that agreements to pay wages in virtual currency in labor disputes are invalid, clearly stating that virtual currencies do not have the status of legal tender and should not and cannot be used as a standard for wage payments. In the case, Zhou claimed that he had agreed with the company on a monthly salary of 45,000 yuan, of which 25,000 yuan would be paid in the form of USDT. However, the court determined that virtual currencies do not have the ability to settle debts and that the relevant agreement violated laws and regulations, and there was insufficient evidence to prove that the company agreed to pay an additional salary in virtual currency, thus it was not supported. The court also determined that the company unlawfully terminated the labor contract and must compensate Zhou 10,000 yuan. (Labor Law of the People's Republic of China) and (Interim Provisions on Wage Payment) clearly require that wages be paid in legal currency. The judge reminded that employers should not pay wages in virtual currency, and workers have the right to refuse and request payment in RMB to ensure legal protection.

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