"What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means," 19 August 2024

A Dubai court ordered a company to compensate a worker through a cryptocurrency token, as stipulated in the employment contract, a legal precedent that raises several questions even as it lends some legitimization to crypto in the region.

The ruling does not, however, necessarily mean crypto is legalized for salary payments in general, two Dubai-based lawyers told CoinDesk...

The complainant alleged the company stopped paying their salary without reason for five months before terminating the contract...

The court's decision "supports the payment of salaries in cryptocurrencies, provided both parties agree to this arrangement in the employment contract," said Navandeep Matta, a senior associate at Kochhar & Co. Legal Consultants...

Still,... lawyers said the ruling may be specific to this case and cryptocurrency, begging more questions.

Matta said "As of now, the application of these regulations is limited to the Emirate of Dubai" and not in the six other emirates of the United Arab Emirates.