Nostrino 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
Published at
2024-08-16 23:35:35Event JSON
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"content": "🇦🇪DUBAI COURT APPROVES CRYPTO SALARY PAYMENTS\n\nIn a groundbreaking decision, the Dubai Court of First Instance has recognized salary payments in cryptocurrency as valid under employment contracts.\n\nThis marks a significant shift from the court's 2023 ruling, which previously denied a similar claim due to issues with crypto valuation.\n\nIrina Heaver of NeosLegal highlights this 2024 ruling as a “progressive approach” to integrating digital currencies into UAE law.\n\nThe case involved an employee whose contract included both fiat and EcoWatt tokens.\n\nAfter 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.\n https://image.nostr.build/493c3c1a428d9b25e5ab413b94d64a52e53beee647c7ff2ad844e7c5cd838e6c.jpg \n#Bitcoin",
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