A company in Wuhan used virtual currency to pay wages, which was opposed by employees

According to Wuhan Morning News, Mr. Liu joined a new retail company in Wuhan in April this year, and the company later transformed into blockchain. The company said it would give employees virtual currency instead of wages, which was opposed by many employees.

Lv Qunshan, a lawyer at Hubei Weiside Law Firm, said that according to the "Interim Provisions on Wage Payment", wages should be paid in legal tender and cannot be replaced by physical objects or securities. Moreover, virtual currency is not a real currency and does not have monetary attributes, let alone being used to replace wages.