On Aug. 16, the Dubai Court of First Instance recognized crypto as a valid salary payment option.
Irina Heaver, a partner at United Arab Emirates law firm NeosLegal, explained that the ruling in case 1739 of 2024 is a shift in the court’s stance, which previously denied recognizing cryptocurrencies as valid salary payments due to their lack of precise valuation.
According to Heaver, the case involved a lawsuit claiming that an employee had not been paid their wages by their employer and sought wrongful termination compensation.
The court ruled in favor of the employee and ordered the payment of the crypto salary according to the employment contracts without converting it into fiat.
