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<ul><li>Dubai court makes history by legally recognizing cryptocurrency as a valid form of salary payment for the first time.</li><li>The landmark ruling sets a precedent, solidifying Dubai’s leadership in the global adoption of digital currencies.</li><li>The decision could drive widespread cryptocurrency adoption in Dubai’s business sector, shaping future legal practices.</li></ul><p>Dubai has taken a groundbreaking step by legally recognizing cryptocurrency as a valid form of salary payment. This ruling further cements the city’s reputation as a global leader in the adoption of digital currencies.</p><h2 id="header-0">Historic Case in Dubai&#39;s Labor Court</h2><p>A legal precedent was set by a case in which an ex-employee sued their employer for failing to pay wages in cryptocurrency. The plaintiff had not received 5,250 EcoWatt tokens, equivalent to six months of salary, as promised in their employment contract. According to Wasel &amp; Wasel legal firm, this is the first time Dubai’s court has <a href="https://www.lexology.com/library/detail.aspx?g&#61;ca02d70f-8cea-419d-82f1-65ad7bcadd28" rel="noopener noreferrer nofollow">accepted</a> cryptocurrency as a valid salary. The court ruled in favour of the plaintiff, mandating the employer pay the due amount in EcoWatt tokens, as specified in the employment agreement.</p><h2 id="header-1">Shift from Previous Legal Stance</h2><p>This decision marks a significant shift from a similar case in 2023, where the court <a href="https://www.elitigation.sg/gd/s/2023_SGHC_199" rel="noopener noreferrer nofollow">ruled</a> against the plaintiff due to difficulties valuing the <a href="https://cryptotale.org/crypto-gaming-coins-a-new-frontier-in-investment-for-2024/" rel="noopener noreferrer nofollow">cryptocurrency</a>. With better clarity and documentation in this recent case, the court recognized digital assets as legitimate payment methods.</p><p><a href="https://cryptotale.org/dubai-court-approves-cryptocurrency-as-salary-payment/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a></p><p><strong>Visit the links for more information </strong><a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|</p>

Dubai Court Approves Cryptocurrency as Salary Payment

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