News Snapshot:
As cryptocurrency is gaining popularity, an increasing number of employers are starting to consider paying salaries to their employees in cryptocurrency. Although salary payment in cryptocurrency may attract tech-savvy talents, there are legal implications which employers should consider before implementing such remuneration schemes. Pioneers who pay wages in cryptocurrency To date, corporations in Hong Kong have yet to pay its employees, wholly or partially, in cryptocurrency. However, large corporations worldwide have started remuneration schemes in cryptocurrency as early as 2013. The Danish company SC5 was one of the first companies in the world to pay their employees in Bitcoin. Other...
