Officially, an Arab country allows paying employees' salaries in digital currencies 😱😱
Dubai: The Dubai Court has ruled that digital currencies are accepted as a legally recognized means of paying employees’ salaries. In an unprecedented move, the Dubai Court of First Instance ruled that salaries in cryptocurrencies are legal under employment contracts. This ruling, issued in Case No. 1739 of 2024, is a major shift in the UAE’s legal stance on crypto.
Cryptocurrency prices fell on Monday as investors avoided risk amid uncertainty over the US Federal Reserve’s monetary policy outlook.
Bitcoin fell 1.98% to $58,509.96 at 09:04 AM Mecca time, while Ethereum fell 1.53% to $2,625.63 and Ripple fell 1.16% to 56.70 cents.
This coincided with investors’ anticipation of a speech by Federal Reserve Chairman Jerome Powell next Friday on the US economic outlook during the Jackson Hole Economic Policy Symposium.
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WLFI will tokenize the loan income of the Trump family's Maldives resort
February 19 news, $WLFI
announced a plan to tokenize the loan income rights related to the Maldives Trump International Hotel and Resort. This initiative represents an important step taken by WLFI in the tokenization of real-world assets (RWA). The project is developed in collaboration with international luxury real estate developer DarGlobal PLC (which owns the Maldives property) and leading tokenization platform Securitize. The Trump Organization is involved as the authorized hotel brand partner of the resort.