PANews, November 28 news, according to Shenzhen Special Zone Daily, the People's Court of Qianhai Cooperation Zone in Shenzhen recently ruled that agreements to pay wages in virtual currency in labor dispute cases are invalid, clearly stating that virtual currency does not have the status of legal currency and should not and cannot be used as a standard for wage payment.
In the case, Mr. 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 ruled that virtual currency does not have the status of legal currency, 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 it was not supported.
The court also determined that the company unlawfully terminated the labor contract and must compensate Mr. 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 are not allowed to pay wages in virtual currency, and workers have the right to refuse and request payment in Renminbi to ensure legal protection.