Dubai Court Sees Salary Payment in Crypto as Valid
The Dubai Court of First Instance has recognized salary payments in crypto as valid under employment contracts, showing the growing acceptance of crypto in the United Arab Emirates. Irina Heaver, a partner at the UAE law firm NeosLegal, clarified that the ruling in case number 1739 of 2024 represents a departure from the court’s previous […]
Chinese court rules salary payments in USDT as illegal
A Chinese court has ruled against salary payment using Tether USDT stablecoin as illegal citing the government’s ban on all types of cryptocurrency transactions last year. According to the local news outlet Beijing Daily, the Chaoyang District People’s Court in Beijing has decided that stablecoins like USDT cannot be used for wage payments. Due to […]