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

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

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.

07/07/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 103,029.60 1.79%

Ethereum (ETH) $ 3,365.08 0.24%

XRP (XRP) $ 3.22 2.71%

Tether (USDT) $ 1.00 0.00%

Solana (SOL) $ 224.83 6.13%

BNB (BNB) $ 704.13 1.40%

Dogecoin (DOGE) $ 0.40728 5.67%

USDC (USDC) $ 1.00 0.01%

Cardano (ADA) $ 1.10 1.52%

Lido Staked Ether (STETH) $ 3,363.51 0.34%

TRON (TRX) $ 0.247687 2.36%

Avalanche (AVAX) $ 40.57 0.37%

Chainlink (LINK) $ 24.43 3.16%

Stellar (XLM) $ 0.473123 3.56%

Sui (SUI) $ 4.78 0.51%

hedera-hashgraph

Hedera (HBAR) $ 0.372604 3.60%

Shiba Inu (SHIB) $ 0.000024 4.27%

Wrapped stETH (WSTETH) $ 4,038.56 0.49%

the-open-network

Toncoin (TON) $ 5.47 0.94%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 102,734.53 1.77%

Polkadot (DOT) $ 7.25 0.27%

WETH (WETH) $ 3,368.55 0.33%

Litecoin (LTC) $ 128.63 4.97%

Bitcoin Cash (BCH) $ 476.96 0.22%

LEO Token (LEO) $ 9.76 0.13%

Uniswap (UNI) $ 14.43 1.05%

Bitget Token (BGB) $ 7.03 0.91%

Pepe (PEPE) $ 0.00002 5.19%

Hyperliquid (HYPE) $ 22.18 4.87%

Wrapped eETH (WEETH) $ 3,584.10 1.00%

NEAR Protocol (NEAR) $ 5.59 5.41%

USDS (USDS) $ 0.99854 0.18%

Ethena USDe (USDE) $ 0.997329 0.30%

Aptos (APT) $ 9.46 1.13%

internet-computer

Internet Computer (ICP) $ 10.92 2.25%

Aave (AAVE) $ 322.61 1.49%

VeChain (VET) $ 0.053713 0.38%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.492711 1.77%

Ethereum Classic (ETC) $ 27.40 1.41%

Monero (XMR) $ 219.58 1.65%

Render (RENDER) $ 7.72 2.12%

crypto-com-chain

Cronos (CRO) $ 0.141808 3.05%

Algorand (ALGO) $ 0.458073 6.34%

Bittensor (TAO) $ 466.67 3.57%

Kaspa (KAS) $ 0.147397 0.27%

Mantle (MNT) $ 1.09 3.28%

Dai (DAI) $ 1.00 0.02%

MANTRA (OM) $ 3.73 3.40%

Artificial Superintelligence Alliance (FET) $ 1.37 1.58%

Filecoin (FIL) $ 5.58 4.14%