Dubai Now Pays Employees Using Crypto

Dubai is now paying employees to use crypto (Photo; Doc. Techstory)

JAKARTA - Dubai is now expanding the use of digital assets by implementing new regulations related to paying salaries using crypto assets. This move makes Dubai one of the leading cities in integrating crypto into the financial sector, allowing employees to receive their salaries in the form of digital assets. This policy also attracts the interest of local and international companies who want to take advantage of this development.

The Dubai government is drafting a new regulation that will allow companies to pay employee salaries using cryptocurrencies, such as Bitcoin and Ethereum. With this regulation, companies can more freely integrate digital assets into their payment systems, strengthening the digital economy ecosystem in the city. This move is in line with Dubai's vision to become the global hub of the digital economy.

The regulation also stipulates guidelines that must be adhered to by the company when paying salaries with crypto. The goal is to protect the rights of employees and employers and ensure that the payment process is carried out safely and according to applicable standards.

Many companies positively welcome the idea of paying salaries using crypto. In addition to being an innovation in payment methods, this also provides an attraction for companies that want to recruit international talent. On the other hand, employee interest in receiving salaries in crypto also continues to increase along with the growing use of digital assets.

According to Cointurk's information, several companies in Dubai have even started paying their employees salaries with crypto assets. Ethereum is one of the crypto options used in this payment. With the implementation of new regulations, this practice is predicted to expand and become a new standard in the future.

This development shows that the digital economy in Dubai continues to grow rapidly. Payment of salaries with crypto is part of this transformation, which at the same time strengthens Dubai's position as the center of global digital economy innovation. The promotion of crypto use in this city also paved the way for new technology-based business models.