According to a recent Beijing

Breaking: China Court Rules Restrictions On USDT, Here's Why

A Chinese court has ruled that cryptocurrency cannot be used as a form of wage payment, reaffirming its legal status as distinct from fiat currency and outside the

According to a recent Beijing Daily report, a Chinese court has ordered that neither crypto nor stablecoins like Tether be used to pay wages.

According to the plaintiff

According to the plaintiff, instead of receiving his wages in RMB, his employer had cleared half his salary and bonuses in the USDT stablecoin. The court however cited

China court says Tether stablecoin ‘should not be circulated’

USDT stablecoin payments now illegal in China - ThePaypers

Beijing

Paying Salaries in USDT is Illegal, Chaoyang Court of

Tether: Chinese companies ordered not to pay wages in USDT and

Beijing’s Chaoyang District People’s Court has ruled that stablecoins like USDT cannot be used for salary payments. The Chinese court stated that virtual currencies like

A Chinese court has ruled

A Chinese court has ruled that local companies can’t pay their workers’ wages with USDT (aka Tether) because the governmentlike everyone elsedoesn’t recognize the

Chinese court bans businesses from paying salaries in Tether

Chinese Court Declares All Salary Payments in USDT Stablecoin

A Chinese court has ruled

A Chinese court has ruled that the Tether (USDT) cryptocurrency cannot be used to pay salaries citing the country’s general ban on the circulation of digital assets.

China’s Chaoyang Court on Wednesday in a labor dispute lawsuit ruled that companies can’t pay wages in Tether (USDT). Moreover, the court stated that virtual currency

Chinese Court Rules Crypto Cannot Be Used for Wage Payments