Ruling Marks First Legal Acceptance of Crypto Salaries in Dubai
In a landmark decision, the Dubai Court has officially acknowledged the legality of paying salaries in cryptocurrency.
An ex-employee successfully filed a legal complaint against their former employer for failing to pay a portion of their salary in EcoWatt tokens.
The case represents the first time a Dubai court has legally accepted cryptocurrency as a valid form of salary payment.
The ruling highlights the UAE's supportive stance towards cryptocurrency and blockchain technology.
Dubai has launched several initiatives to foster a crypto-friendly ecosystem, including the DMCC Crypto Centre.
The concept of a Bitcoin Reserve is gaining traction as a potential solution to the US National Debt.
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