Dubai Court Ruling on Payment in Cryptocurrency and Dirhams

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Court Hearing and Case Details
  2. Cryptocurrency in Contracts vs. UAE Legal Framework
  3. Future of Cryptocurrency in the UAE


    4. Recently, a Dubai court ordered a company to pay an ex-employee outstanding dues in UAE currency and cryptocurrency. The ruling has triggered questions about whether the UAE now allows salaries to be paid in cryptocurrencies.

    Court Hearing and Case Details

    The dispute was centered on the failure to pay the EcoWatt token portion of the plaintiff's salary for six months and the alleged wrongful termination of their employment. The court ruled in favor of the employee, recognizing the validity of payment in cryptocurrency and ordering payment in EcoWatt tokens rather than converting them into fiat currency.

    Cryptocurrency in Contracts vs. UAE Legal Framework

    The court ruling does not imply that cryptocurrency is on par with fiat currency. According to the managing partner of the UAE law firm Wasel & Wasel, the court only confirmed the enforceability of the employment contract stipulating payment in crypto, not a broader validation of crypto within the UAE's legal framework.

    It only confirms that an employment contract stipulating payment in crypto is enforceable.Mahmoud Abuwasel

    Future of Cryptocurrency in the UAE

    New Payment Token regulations from the UAE Central Bank and the launch of a Dirham stablecoin by Tether pave the way for further developments. Legal expert Gabriel Khoury noted that this court ruling is an important step towards recognizing cryptocurrencies and blockchain technologies.

    The Dubai court's ruling marks an important precedent in recognizing cryptocurrencies within the UAE's labor laws. It opens new opportunities for the growth of the cryptocurrency community in the country.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

TRON DAO Takes Center Stage at TOKEN2049 and DAS Asia 2026

TRON DAO participated as Title Sponsor at TOKEN2049 Singapore and DAS Asia 2026, discussing the future of stablecoins, AI-driven commerce, and blockchain infrastructure.

user avatarKofi Adjeman

Bitcoin Life Insurance Company Secures $375 Million in Funding

A Bermuda-based life insurance company operating entirely in Bitcoin has raised $375 million to meet growing demand for its policies among wealthy families.

user avatarNguyen Van Long

Senator Blumenthal Seeks Information from Cantor Fitzgerald on Tether Dealings

Senator Richard Blumenthal has requested Cantor Fitzgerald to provide records related to its business relationship with Tether, focusing on the financial gains of Commerce Secretary Howard Lutnick's family.

user avatarSatoshi Nakamura

Ledger Halts Sales Amid Fund Loss Investigations

Ledger has paused sales and shipments of its hardware wallets after reports of fund losses from customers in Southeast Asia who purchased devices from CryptoBilis.

user avatarJesper Sørensen

Project Eleven and Quantus Collaborate on Strongpoint for Future Crypto Custody

Project Eleven has partnered with Quantus to enhance crypto custody solutions through the integration of the Quantus Network into Strongpoint, targeting support for post-quantum cryptography by Q1 2027.

user avatarRajesh Kumar

Sui and Alibaba Cloud Collaborate on AI Agent Payment Integration

Sui and Alibaba Cloud are developing a payment model for AI agents to autonomously pay for cloud services using stablecoins.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.