This article discusses the increasing popularity of cryptocurrency and how companies are starting to consider paying salaries to employees with cryptocurrency. As of yet, no corporations based in Hong Kong have paid their employees with cryptocurrency.
As Hong Kong law does not classify crypto as standard currency, it is unclear as to whether or not it will be recognized as traditional wages, should corporations pay their employees with it. However, there is still potential for it to be used in the future as part of an employee’s salary payment.
Authors: ONC Lawyers
Members-only access
To access the full resource, you must be a member. Already a member? Login to unlock.
Login
Not an ACC member?
Gain access to a comprehensive collection of global resources for in-house counsel
Sign up for a 30-day trial
Region:
Hong Kong
The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.