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diwb
@rsp
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According to Hong Kong media Hong Kong 01, the Hong Kong Employment Ordinance stipulates that wages must be paid in monetary form, and cryptocurrency is not legal tender. Therefore, employers using Bitcoin to pay wages may violate the law. There is no major legal issue with technology companies using Bitcoin as a starting profit or reward, but even if employees continue to receive Bitcoin as a reward or bonus, or if Bitcoin income is mentioned in tax reporting, banks will not accept it. Borrowers can only calculate DTI based on salaries, bonuses, and commissions received in legal tender. In addition, local banks in Hong Kong currently only accept cash, stocks, foreign currency, Hong Kong properties, funds, and bonds. Some banks also accept insurance policies with no premium financing as applicant assets, but there have been no successful cases of Bitcoin because Hong Kong banks do not recognize cryptocurrencies. @ftihfhhhf 0 reply
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Car trading service provider Cango entered the Bitcoin mining field in November, investing $400 million to acquire 50EH/s of computing power, immediately becoming one of the world's largest miners. The computing power of Bitcoin is currently hovering at 823EH/s. Once Cango's 50EH/s is fully launched, it will provide about 6% of the computing power behind Bitcoin. As a reference, the world's largest listed miner MARA Holdings (MARA) has a computing power slightly above 47EH/s, while the second largest CleanSpark (CLSK) and Riot Platforms (RIOT) have computing power of 32EH/s and 26EH/s, respectively. Juliet Ye, Senior Director of Communications at Cango, said, "I think this is surprising for people in the (Bitcoin mining) industry because no one has heard of Cango before, but its history is a history of adaptation. Since the company was founded in 2010, we have entered different fields at least two to three times. @ftor36 0 reply
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