🇭🇰 Hong Kong: Bitcoin for Salaries and Mortgages — Not Yet
Hong Kong takes a cautious stance towards the use of bitcoin as salary and for mortgage lending.
* Salary in Bitcoins? The law requires payment in legal tender, which bitcoin is not. Therefore, direct salary payments in BTC may be illegal. Some companies use bitcoin as bonuses, which raises fewer legal questions.
* Mortgage and Bitcoin? Banks do not consider bitcoin a stable income due to its volatility, so cryptocurrency earnings are not taken into account when assessing creditworthiness.
Conclusion: In Hong Kong, the use of bitcoin in these financial operations is currently limited.
