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Cryptocurrency News

Salary payments in USDT stablecoin ruled as illegal in the Chinese court

07/07/2022

Less than a minute

2022.07.07 01:26

Despite the Chinese government banning all kinds of cryptocurrency transactions last year, some firms apparently still use stablecoins like Tether (USDT) to pay their employees.

Beijing’s Chaoyang District People’s Court has ruled that stablecoins like USDT cannot be used for salary payments, the local news agency Beijing Daily reported on Wednesday.

Source

07/07/2022

Less than a minute