Dubai Court Rules Cryptocurrency As A Valid Form of Salary!

The post Dubai Court Rules Cryptocurrency As A Valid Form of Salary! appeared first on Coinpedia Fintech News

Dubai Court has acknowledged the payment of salaries in the form of cryptocurrency for the first time in history. As per the order, the cryptocurrency payments that are stated in the employment contracts will be accepted legally. This ruling comes after an ex-employee filed a legal complaint on the failure of the company to pay a portion of their salary, which was in cryptocurrency per their employment contract. After analyzing the circumstances and presenting documents, the Dubai court ruled in favor of the plaintiff while recognizing cryptocurrency as a valid form of salary. The court has ordered to pay the unpaid wages in the EcoWatt tokens itself rather than fiat.