centurion on Nostr: 🇦🇪DUBAI COURT APPROVES CRYPTO SALARY PAYMENTS In a groundbreaking decision, the ...
🇦🇪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
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