According to Hong Kong media Hong Kong 01, Hong Kong's "Employment Ordinance" stipulates that wages need to be paid in the form of money, and cryptocurrency is not legal tender, so employers may violate the law by paying wages in bitcoin. There is no big legal problem for technology companies to use bitcoin as a profit or reward, but even if employees continue to receive...
The City of Chico, California is looking to get a combination of state legislation and local ordinances to better regulate Bitcoin ATMs or ATMs. During a local government committee discussion held on August 7, Butte County Chief Administrative Officer Andy Pickett spoke about the ongoing regulation of Bitcoin. Pickett reported on recent state-level legislation aimed at limiting cases of fraud associated with Bitcoin ATMs. In October 2023, an investigation by the California legislature found that...