【Shenzhen Court: Virtual Currency Should Not and Cannot Be Used as a Wage Standard】On November 28, news reported by Shenzhen Special Zone Daily indicates that the People's Court of Qianhai Cooperation Zone in Shenzhen recently ruled that agreements to pay wages in virtual currency are invalid in labor dispute cases. It clearly pointed out that virtual currency does not have the status of legal tender and should not and cannot be used as a standard for wage payment. 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 currency does not have legal compensation, the relevant agreement violates laws and regulations, and the existing evidence is insufficient to prove that the company agreed to pay additional wages in virtual currency, thus denying support. 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) explicitly require that wages be paid in legal tender. The judge reminded that employers must not pay wages in virtual currency, and workers have the right to refuse and demand payment in RMB to ensure legal protection.

#USDT