Dubai court rules cryptocurrency as legal way to pay salaries
The Dubai Court of First Instance has officially ruled that paying wages in cryptocurrency is legal under employment contracts, reflecting the growing adoption of cryptocurrencies in the UAE.
The Dubai Court of First Instance has ruled that cryptocurrency wages are a legitimate form of payment. The ruling highlights the growing acceptance of cryptocurrencies in the UAE judicial system and its adaptation to changing financial technologies. UAE lawyer Irina Khiver noted that the ruling could set an important precedent for other jurisdictions and helps to strengthen the position of cryptocurrencies as a legal means of payment.
The editorial board is not responsible for the content and accuracy of material taken, sent or obtained from other sources. The publication of such materials is for informational purposes only and does not imply automatic endorsement or approval of their content.
