The cryptocurrency Bitcoin still faces multiple restrictions in the mortgage and salary fields in Hong Kong, especially in relation to the Employment Ordinance, according to Hong Kong 01. The article points out that the Employment Ordinance stipulates that wages must be paid in legal tender, and the use of cryptocurrencies for wage payments is a violation of relevant laws. Cryptocurrencies can only be used for additional rewards such as starting bonuses. Even if employees continue to receive Bitcoin rewards, banks do not recognize them as a legitimate source of income and cannot be included in the Debt-to-Income (DTI) ratio for mortgage applications. Property owners who hold Bitcoin and plan to cash it out for mortgages need to provide proof of the legal source of funds and may still be rejected or have their accounts blocked due to money laundering risks.
Trang này có thể chứa nội dung của bên thứ ba, được cung cấp chỉ nhằm mục đích thông tin (không phải là tuyên bố/bảo đảm) và không được coi là sự chứng thực cho quan điểm của Gate hoặc là lời khuyên về tài chính hoặc chuyên môn. Xem Tuyên bố từ chối trách nhiệm để biết chi tiết.
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The cryptocurrency Bitcoin still faces multiple restrictions in the mortgage and salary fields in Hong Kong, especially in relation to the Employment Ordinance, according to Hong Kong 01. The article points out that the Employment Ordinance stipulates that wages must be paid in legal tender, and the use of cryptocurrencies for wage payments is a violation of relevant laws. Cryptocurrencies can only be used for additional rewards such as starting bonuses. Even if employees continue to receive Bitcoin rewards, banks do not recognize them as a legitimate source of income and cannot be included in the Debt-to-Income (DTI) ratio for mortgage applications. Property owners who hold Bitcoin and plan to cash it out for mortgages need to provide proof of the legal source of funds and may still be rejected or have their accounts blocked due to money laundering risks.