The Dubai Court of First Instance in the United Arab Emirates has made a notable update to its approach towards cryptocurrency. In a recent ruling, salary payments in crypto have been deemed valid under employment contracts. This decision marks a shift from a previous stance in 2023, where a similar claim was rejected due to the lack of precise valuation of the cryptocurrency involved. The court's recognition of digital currencies in employment contracts reflects a progressive attitude towards integrating them into the legal and economic framework of the country. The case in question involved an employee seeking payment in both fiat and EcoWatt tokens, with a dispute arising over the employer's failure to fulfill the token portion of the salary. The court's decision to enforce the payment in crypto without conversion into fiat signifies a positive step towards embracing digital currencies in financial transactions, fostering a more inclusive and innovative business environment in the UAE. Read more AI-generated news on: https://app.chaingpt.org/news