DUBAI COURT RECOGNISES CRYPTOCURRENCY AS LEGAL SALARY PAYMENT
The DubaiCourts of First Instance ordered a company to pay an employee's outstanding dues in both UAE dirhams and EcoWatt Tokens, a form of cryptocurrency, as stipulated in the employee's contract .This Ruling is a first for Dubai and highlights the region's progressive approach towards integrating Digital Currencies into traditional financial transactions. Legal Experts see this decision as a landmark moment for the UAE'S legal and economic landscape. This Ruling is part of a Broader trend in the UAE, where cryptocurrencies are increasingly being accepted as a legitimate form of payment.