The crypto trend is gradually being accepted and recognized by countries around the world…
The Dubai Court has recognized that the payment of wages in cryptocurrency is valid in employment contracts. This marks the wider acceptance of cryptocurrencies in the UAE.
In this case, an employee sued the company for not paying the relevant token wages as stipulated in the contract. In 2024, the court issued a ruling requiring the company to pay wages in cryptocurrency in accordance with the contract without converting them into legal currency.