💵 Dubai court rules that paying salaries in cryptocurrency is legal

This decision was made during the consideration of a case from an employee of a local company who accused the employer of not paying wages in EcoWatt tokens (EWT).

The employee's employment contract provided for a monthly salary in fiat money and 5,250 in EcoWatt tokens. The dispute arose due to the employer's failure to pay part of the employee's salary in tokens for six months.

The judge ruled that the company is obliged to pay off the debt in crypto assets without converting it to fiat.

➗A big step for crypto is that it is increasingly accepted around the world. This decision also sets a positive precedent that will further influence the integration of digital currencies into everyday financial transactions.