PANews reported on November 28 that according to Shenzhen Special Zone Daily, the Shenzhen Qianhai Cooperation Zone People's Court recently ruled that in labor dispute cases, the agreement to pay wages with virtual currency is invalid, and 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 and the company agreed on a monthly salary of 45,000 yuan, of which 25,000 yuan was paid in USDT. However, the court determined that virtual currency is not legally compensable, the relevant agreement violated laws and regulations, and the existing evidence was insufficient to prove that the company agreed to pay additional virtual currency wages, so it was not supported.
The court also determined that the company had illegally terminated the labor contract and was required to compensate Zhou 10,000 yuan. The Labor Law of the People's Republic of China and the Interim Provisions on Wage Payment clearly require that wages should 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 RMB to ensure legal protection.
