Dubai Court has ruled that cryptocurrency can be legally recognized as a valid form of salary payment.

In a groundbreaking decision, the Dubai Court of First Instance has ruled that crypto can be legally recognized as a valid form of salary payment under employment contracts.

This ruling, which emerged from case number 1739 of 2024, marks a significant shift in the United Arab Emirates’ legal stance on digital currencies.

Legal professionals, including Irina Heaver, a partner at UAE law firm NeosLegal, have praised the ruling as a “progressive approach” that aligns with the evolving nature of financial transactions in the Web3 economy.