🇦🇪DUBAI COURT APPROVES CRYPTO SALARY PAYMENTS

In a groundbreaking decision, the Dubai Court of First Instance has recognized salary payments in cryptocurrency as valid under employment contracts.

This marks a significant shift from the court's 2023 ruling, which previously denied a similar claim due to issues with crypto valuation.

Irina Heaver of NeosLegal highlights this 2024 ruling as a “progressive approach” to integrating digital currencies into UAE law.

The case involved an employee whose contract included both fiat and EcoWatt tokens.

After a 6-month delay in token payments, the court ruled in favor of paying the salary in crypto as specified in the contract, without conversion to fiat.

#Bitcoin