September 20, 2024

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Dubai Court Recognizes Cryptocurrency for Salary Payments

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Dubai Court Recognizes Cryptocurrency for Salary Payments
Dubai Court Recognizes Cryptocurrency for Salary PaymentsIn a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital currencies. The 2024 ruling, case number 1739 of 2024, contrasts with a 2023 decision where a similar claim was rejected […]