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Dubai Court Declares Crypto Salary Legal
A Dubai court has boldly declared that cryptocurrency can be used as a legal form of salary, setting the stage for a revolutionary shift in how workers in the UAE are paid. Dubai Court Endorses Crypto Wage...
A Dubai court has boldly declared that cryptocurrency can be used as a legal form of salary, setting the stage for a revolutionary shift in how workers in the UAE are paid. According to Irina Heaver, a partner at the UAE law company NeosLegal, the decision in case number 1739 of 2024 represents a change in attitude from the court's previous position in 2023, when a comparable claim was rejected due to the absence of specific valuation for the cryptocurrency in question. The fact that the court consistently applied legal principles in wage determination, according to Heaver, as both verdicts relied on the UAE Civil Transactions Law and Federal Decree-Law No.
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