According to PANews, Hong Kong's (Employment Ordinance) stipulates that wages must be paid in cash, and cryptocurrencies are not legal tender. It may be illegal for employers to pay wages in Bitcoin.
There is no major legal problem for technology companies to use Bitcoin as a bonus or reward for opening a business, but Bitcoin is not considered fixed income when taking out a mortgage. When banks calculate the borrower's income, they do not accept Bitcoin income, but only calculate salaries, bonuses and commissions in legal currency.
Hong Kong banks do not accept Bitcoin and only accept assets such as cash and stocks. Cryptocurrencies must be cashed out before they can be used for mortgage applications. Banks pay attention to the source of funds and may refuse to approve mortgages or block accounts due to money laundering risks.
