Dubai Recognizes USDC, EURC as First Stablecoins Under Token Regime

Source: Cointelegraph The Dubai Financial Services Authority has recognized the first stablecoins under its crypto token regime: USDC and EURC. The Dubai Financial Services Authority (DFSA) has officially approved Circle’s stablecoins USD Coin and EURC (EURC) as recognized tokens under the authority’s crypto regime — the first stablecoins approved under the regime. Due to this… Continue reading Dubai Recognizes USDC, EURC as First Stablecoins Under Token Regime

Dubai court recognizes employees’ right to receive salary in digital assets

Source: Coingeek Employees in the United Arab Emirates (UAE) can receive salaries in digital assets after a Dubai Court of First Instance overruled a 2023 decision, setting a new legal precedent. According to the ruling in case number 1739 of 2024, the court held that employees are entitled to receive compensation in both fiat currencies… Continue reading Dubai court recognizes employees’ right to receive salary in digital assets