UAE lawyer Irina Heaver said the ruling shows the growing acceptance of crypto in employment contracts, recognizing the evolving nature of Web3 financial transactions.
Dubai releases crypto regulations for virtual asset services providers
The laws apply to market participants within the emirate of Dubai, with the exception of those under the Dubai International Financial Centre.
Lawyer explains new federal virtual asset law in the United Arab Emirates
Failure to comply with the new law could lead to a hefty fine of up to $2.7 million, ejection of profits and criminal investigation.
UAE regulators pave way for crypto and blockchain adoption, says legal expert
Legal expert Kokila Alagh shared insights regarding crypto and blockchain regulations in the United Arab Emirates.