Dubai Cryptocurrency Salary

Dubai Court Recognizes Cryptocurrency as a Legitimate Method of Salary Payment

Last week, E&UA’s Chief Legal Officer shared an important development in the UAE’s legal landscape, specifically those involving digital currencies and employment law. He explained that the Dubai Court of First Instance made a landmark ruling in 2024 and recognized Cryptocurrency as a legitimate method of salary payment. Notably, in an earlier decision in 2023,…

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Cryptocurrency

What is Cryptocurrency?

Cryptocurrency, also known as crypto-currency or crypto, is a type of currency that exists digitally or virtually and uses cryptography to secure transactions. However, Cryptocurrencies have no central issuing or regulating authority such as a government or bank, instead using a decentralized system to record transactions and issue new units. Most cryptocurrencies live on decentralized…

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