Bitcoin Forum

Good news coming to the digital currency space as one of the countries in the Asia region have just approved bitcoin and cryptocurrency for salary payments. It was first rejected in 2023 and now approved by the First court of instance.


This move will have a positive impact in the mass adoption and use of bitcoin. For a country as big and popular like Dubai to make this move, we wait to see similar from neighboring countries or tourist destinations like Dubai.

---

https://www.cryptotimes.io/2024/08/16/dubai-court-approves-cryptocurrency-for-salary-payments/

I saw this news yesterday, but I saw no public acceptance of crypto currency in there. It was only made clear that the said EcoWatt is now recognised and could be used as salary payment in the company as agreed, as long as it's acceptable by both the employer and the employee.
 
On the other hand, this could also be a step up for any firm in Dubai that wants to start paying their workers with crypto currency; it could easily be recognised and approved, just like the EcoWatt token, which appears to be a native token for a particular industrial use.

I read about it this morning. Dubai is becoming a hub for Bitcoin adoption, which is great since it's a popular tourist destination. However, I have one concern. Due to Bitcoin's volatility, many people might hesitate to receive their salaries in Bitcoin, as they want to preserve the value of their money in the long term. This is especially true for those who are new to cryptocurrency. If receiving salaries in Bitcoin is optional, not mandatory, it will be a step in the right direction.

If it is possible to receive part of the salary in BTC and the rest in fiat, that would be a good solution for those who would practice DCA in that way - and I honestly doubt that anyone would want the total amount in BTC. However, this is not about BTC itself, but about the fact that salaries can be paid in all cryptocurrencies, and if someone chooses the stablecoins option, then he does not have to worry about volatility.

Every good thing starts with a step. Since Ecowatt which is a well-pronounced company in Dubai has adopted this method of payment. It will be accepted by others gradually since some people are ready to accept it as a means of payment.

However, the information I got from x was that the Dubai court validated the use of cryptocurrency for payment. Based on the fact that a worker sued his company for refusing to pay the promised cryptocurrency based on the fact that it was not a legal payment method. The court decided that the money should be paid in cryptocurrency and not fiat and at the same time it was made legal to accept cryptocurrency as payment in case there are other cases similar to this.

It's indeed a very positive move for the cryptocurrency space because it creates a legal basis for the usage of digital currencies in contracts of employment as well as several other sectors. The truth is that the fact that a global economic city like Dubai recognizes cryptocurrency as a viable method of salary payment means that yet another phase in the evolution of Bitcoin and other crypto currencies may be looming large. It will be quite insightful to observe and note just how this new development and decision is going to shape the rest of the countries and industries to mimic. The potential for more widespread adoption of Bitcoin and other cryptocurrency by average users is quite enormous, and this decision made by the Dubai Court can actually be considered as great progress towards achieving that.

For developed countries and have quite high popularity in the world, of course it will not be that difficult to accept new things in their lives and approve new things in their own environment as you said. Because a country like Dubai that is still quite happy to make changes and create new things that have not been made by other countries, of course it will not be so surprising when Dubai wants to make such a step now even though previously there was a rejection that perhaps the authorities there had not researched it further at that time.

But for now, it has come true again because maybe the State Court has seen Bitcoin as something logical to be accepted and legalized to pay the salaries of its own country's employees even though their own country's currency still has a pretty good value at the moment. But what we need to see is Dubai is willing to accept Bitcoin and make such a move so that it could be that the move can influence other countries that are also close to Dubai to make almost the same move.

I still think that fiat salary is much more flexible. You always can buy as much crypto from is as you want and still have fiat for fiat only payments

Just like many companies or stores already accept bitcoin payments, but what we need to care more about is how many people are willing to use bitcoin as a payment method. Because most people are interested in bitcoin for its profits, there are very few people who are interested in its actual use cases and even they think that using bitcoin for payment is a waste. Or even we are strong proponents of bitcoin, but how many of us are willing to use bitcoin as a means of payment on a daily basis?

I guess receiving a bitcoin salary would be an option, if that were the only method there would be strong opposition. Bitcoin's volatility is great for our investments, but it's not so good if we use it as a currency or a store of value.

We are gradually getting to the point where P2P will become a common acceptable payment system using Bitcoin as the default currency. To think we couldn't achieve this feat a few years ago and look at where we are now.

Dubai is known to be a home for tourists from every part of the world, it is almost impossible not to transact when in Dubai as there are loads of tourist attractions you would want to experience and then you hear something like "We accept Bitcoin here", I love the sound of that.

Welcome to true Decentralization guys!

This news is born out of the court judgment that ruled that an employer should pay its ex-employee the EcoWatt tokens that were included in the contract as part of his salary. The employer didn't want to pay the employee because they claimed that payment in crypto is not legally enforceable in the country. This landmark ruling has paved the way for the paying and acceptance of cryptocurrencies' wages or salaries. OP might be assuming that this judgment might lead to public acceptance of cryptos.


Accepting Bitcoin or other crypto as salaries will be based on agreement between the employer and employee. Even the case that led to this law was about paying salaries both fiat and a token called EcoWatt. Based on the contract, the worker was meant to receive a salary in fiat alongside 5,250 EcoWatt tokens. So, I think accepting crypto as salaries will be optional.

Dubai has always been a tourist center, and best place for relaxation/honeymoon, hence, with this it's acceptance of Bitcoin and approval to be used as a means of paying salary to workers, it's indeed a welcome development, as this is likely to expand it's community of Bitcoin owners in that region, and as such, I will suggest that while Dubai is approving laws related to Bitcoin, let them not forget to enlightened people who knew little or nothing about Bitcoin, so as to not lose there coin to scam due to ignorance, as that will go a long way.


In cases of people who are new to Bitcoin, I think the best way will be for a public enlightenment about what Bitcoin is, how it works, and how it's been store and transacted. I think this basic knowledge will go a long way. While payment are done just as signature campaigns on this forum are done (i.e to have a specified amount like $100 or $150) which will be paid monthly in Bitcoin according to the current rate of executing transaction.

Oh well, there's always been a first and so with this news, this could be welcoming for those who work on Dubai. And for sure employee-employer knows the risk here and before they have implemented it they might consulted their employees and most of them could be really in Bitcoin or crypto in general.

And so with that, it might have answered the nature of Bitcoin as volatile although they would be being paid in their equivalent local fiat. And just like in signature campaigns that is pegged in USD already. So if there is a shift in prices, those employees might not be affected by the price fluctuations.

Are you sure this extends to the whole of UAE? I couldn't find more information so based on the location of the court, I'm assuming it's just limited to Dubai!

You have a point, but you can do the opposite with your crypto salary as well ^{[convert the amount you want while keeping the rest]}.

It is not a bad decision for whoever decides to receive their salaries in BTC and other cryptocurrencies, however, if you depend completely on your salary and you start spending it as soon as you receive it, then it may be better to receive your salary in fiat currency, or maybe partly fiat and crypto. It is a good development in the adoption of digital assets and i am sure it would be optional, so those who opt for it will surely know what they are doing.

AFAIK, Dubai is starting to make their place to become a crypto friendly area and a hub to the global markets for being recognized that way. I didn't know that such laws are being pushed when companies are free to pay their employees however they want. But to be compliant with the rules of the government, they need to pass on to the law like this. I haven't read yet the entire details about this but it's easy for those that are into Bitcoin to receive payments or salaries in that form so that they don't have to go through any other means but by receiving it directly on their bitcoin wallets.

Would be amazing to be able to receive part of your salary directly as Bitcoin though. Would save the hassle of directly converting your money and storing it in your wallet. Otherwise I doubt employees, even if they were pro-Bitcoin, would want their salaries to be in it. I mean you can't even buy stuff in general grocery stores with it after all. Maybe if that was implemented as well then we'd see people adopt it more? Otherwise, it's just an option for people who DCA which I'm pretty sure in the grand scheme of things, are pretty small in amount.

Dubai isn't just a tourist destination, but also a major business hub of the world. It's known for innovation and for being business-friendly, so the court's decision makes sense to me. However, I believe two things are important here. First, it's the court of first instance, so it's decision might be overruled. Second. UAE's legal system isn't precedent-based, so one court decision doesn't mean that a different court in a different case won't say otherwise.

Of course yes, it is a great move and since Dubai is the flag bearer for innovations, this will help the crypto industry and more countries in the region will follow suit. The next generation internet which is web 3.0 is all about innovations using the internet and the digital assets, this ground breaking approval by the UAE government to allow employers pay their employs salary in cryptocurrency will help the crypto market.

This news is not surprising anymore since it has been noted that Dubai has been bitcoin friendly and has been accommodating bitcoin transactions like in shopping malls, hotel bookings and even in car rentals, thus bitcoin as a payment salary has already been set to happen considering bitcoin or cryptocurrency is never a threat to their own jurisdiction but establishing itself as a crypto-friendly instead.

Yes, that's right. Of course it is not surprising that Dubai took such a step because Dubai is a business center and making bitcoin a means of paying employee salaries is no longer surprising because bitcoin is indeed very suitable to be used as a currency.

If we talk about the broad impact, of course this has a big impact on traders because this decision is positive news that recognizes bitcoin as a means of exchange. I think it is likely that many companies will follow this development, so that indirectly the use of crypto in daily transactions can increase. That way, of course this will open up new opportunities, especially in terms of liquidity in the crypto market.

I also read the news that this decision does not necessarily mean that all companies have to pay salaries in crypto, it's just that when crypto is included in the contract, the payment is legally valid.

If every worker is in agreement to that new policy, then it's a good improvement but if some people are not, I feel it's going to be inconvenient for them because they will have to create an account on the platform where they will still have to exchange the Bitcoin into Fiat to enable them spend on their needs, because it's not every service or business that is accepting Bitcoin payment in that country.

I read that. They do include an agreement in the contract. They will get Fiat and EcoWatt tokens. Dubai's Court of First Instance ruled that it was reversed from 2023. In 2023, the court denied on this issue they have included EcoWatt tokens, but not through Cryptocurency payments. Of course, this decision is an important part of the initial integration of crypto in the daily use of money



Sumber: https://cointelegraph.com/news/dubai-court-recognizes-crypto-salary-payments

On the contrary, I personally still prefer to receive my salary in fiat currency because I will be more proactive in accumulating bitcoin. I wouldn't be happy to be paid in bitcoin when its price has gone so high. Converting between fiat currency and bitcoin has never been a hassle because of bitcoin's popularity and high liquidity these days.

In my opinion, it will depend on the individual, there will definitely be people who prefer to receive their salary in bitcoin and those who prefer to receive their salary in fiat currency. Paying in bitcoin should be an option and should be left to people to make the choice that's right for them.

Something to be mindful about is, the lamelight at which this update was presented. It almost felt as though, it was something that would be done through the whole UAE while, this was subjective as it is and upheld by a Dubai court. The case is indeed about an employee and an employer with an agreement to pay a portion of the employee’s salary in EcoWatts Token of which the employer defaulted for a period of 6 months. The issue as it states was largely due to a conversion base.

It didn’t specifically state Bitcoin but, we can as well extend this to cryptocurrencies.

While it might be a welcomed development, it ain’t entirely new and is largely based on an agreement to pay by the employer.

Not a bad move, could definitely be something that might be used as example for other nations as well. After all, crypto is still a currency and you still have payments done to peoples exchange accounts if you want with KYC which means that it can be approved and could be done properly. I believe that there are no reasons why we should not have something like this, it benefits everyone, from the employee to employer they are all benefiting from the fact that they are in the crypto world and could both be happy with it.

I believe that it will not be simple situation, and I believe that it will take time but it is there at least and can be considered as a good deal. Cryptocurrencies should be available and used for any reason, including salary payments.

Indeed, the news is somewhat positive in favor of crypto adoption, but I'm not sure if all workers are willing to accept bitcoin or if all companies want to. I think that still lies with the employer and employee preference, because I know that many still want to receive their salary in fiat rather than bitcoin. Until now, this has remained an option for everyone, but at least, it is very clear to know that Dubai is in support of bitcoin adaptation, which also has a huge impact and influence on market development. 

This is a stepping stone for more countries to develop some changes in payment systems. Of course, we can't expect instant change, but at least, we see some improvement and development, and we feel that bitcoin is no longer impossible to consider as an alternative currency. 

That is if the employee and employer  find this kind of payment method convenient.  Remember the local market is yet to be set and prepared for cryptocurrency payment.  Employee would find it troublesome to convert ecowatt token to fiat currency to use for their daily needs.

It is indeed a good move for cryptocurrency but the environment like the local marketplace, the local store and even malls is yet to be fully prepared for this kind of system.  At the end of the day these cryptocurrencies will be converted to fiat currency to be able for the employee to spend their salary.

Honestly, this kind of salary payment is somehow non-sense for a regular person who is a non-cryptocurrency enthusiast.  It will be just another burden for them to claim their money and use it for their needed necessities.

Instead of approving cryptocurrency specifically ecowatt token for the salary payment, the government should have built an infrastructure around the cryptocurrency first so that people will have ways to directly spend their cryptocurrency. I wonder how much did the court receive to approve this decision.

Have you ever think if this is implemented in mandatory, people will automatically buying ecowatts token for six months from their hard earned salaries. It would feel unjust if I am one of those employee to receive such contract.

Dubai  as one of the richest country ? this will give more favorable situation for  all bitcoin users and of course with Altcoins in the second way , now what we are waiting is other country's following dubai's action and of course I love knowing sooner that my own country will have this own way .
how i wish this will come very soon in our country at least .

this is pretty good news for people who love crypto. However, Dubai is one of the cities that is developing rapidly at the moment. However, with the start of accepting bitcoin there, I think sooner or later it will grow. Moreover, if people start getting paid using Bitcoin, this will encourage people to accept Bitcoin and start learning how to use it.

When I read news like this, it puts smiles on my face that Bitcoin is gradually fulfilling its purpose in some countries as an alternative means of payment in country's workplaces.

I believe that step by step like this, having Bitcoin as another payment method will circulate to other countries, making Bitcoin a global payment method(what we aim for). It will only take time, but I believe that someday, Bitcoin will surely fulfill its global purpose. I wish we all get to see that when it happens. Time will tell.

First of all, that's really positive development. Still, I'm more curious about the audience or you can say the number of employees is willing to accept their payments in Bitcoin, TBH I'm not sure. Still, why that's my inner feeling if the number of employees are massive who are willing to be paid in Bitcoin would be a piece of better news compared to the acceptance of Bitcoin in the courts, you know the demand and supply.

Is there any such service available in the market to indicate the specific range of people who are willing to get paid in Bitcoin, after all, Bitcoin is a volatile asset and after working full months 9 to 5 or any other time-span you won't like to get paid less due to market volatility.

Dubai can provide tax free (as I remember) policy and it supports Bitcoin as a salary payment. Two policies on tax and salary payment support each other and give citizens in Dubai a good option.

In other countries, you will be taxed if you receive your salary in bitcoin then selling it later to have cash. It is like e-commerce business and you will have to fill report on your e-commerce business in my understanding. In Dubai, you won't have to do this, again in my understanding. It means in other countries, employees who decide to receive salary payment in bitcoin, will have more challenge later when cashing out and probably be charged tax.

Correct me if I am wrong, please.

Dubai is one of the countries with fast growing economy and i won't be surprised at seeing this happening because they have always allowed for the growth and advancement of digital technology in their country and in UAE as a whole, this decision will also foster the need to help other regions and countries accept bitcoin and make it a recognized digital currency for making payments, we look up to seeing other countries adopt bitcoin as a legal tender in Dubai soon.

This seems to be a largely acceptable logic, and therefore this news will lead us to two paths: First, there is a continuous momentum around one cryptocurrency without clarifying any reasons or intentions for this, especially since the order was issued by a court in Dubai and we do not know whether this is valid for the rest of the Emirates or whether it is valid in the Emirate of Dubai alone. Second, whether Bitcoin or other cryptocurrencies will be accepted as a recognized currency for paying salaries, this remains of limited benefit or almost useless as long as the rest of the sectors in the market do not accept this type of payment. There may be limited benefit with regard to the foreign currencies that transfer part of their salaries to their countries, but this also requires that those countries be official supporters of that currency, and then this will affect the remittance market from which other local sectors benefit.

Yes, it cannot be denied that this constitutes heavy-caliber news and may also increase the recovery of the market, but it remains within the framework of the Hype momentum without anyone being able to realize any potential benefits from it. We have previously discussed how the idea of ​​accepting Bitcoin as an official currency like fiat currencies in the market is not an easy matter even if there is an actual will to achieve this.

The next logical step after recognizing bitcoin as a legal tender for salary payments would be recognizing bitcoin as a legal tender in Dubai. Otherwise, it would be like you received your salary in bitcoin, but you can't spend (use as a means of payment for goods and services) your salary. This good news in this form looks like half a law.

I seriously doubt that Dubai (or any other country) will recognize bitcoin (a currency not controlled by the government) as a means of payment.

the volatility issue can be solved very easily, because workers have the option to convert the bitcoin they get on the exchange or they can hold it long term in their non-custodial wallet, and it should not be a significant problem for them. the most important thing is how dubai has been very good in implementing this regulation, because the US alone, which is considered a large market for Bitcoin, still does not have this regulation.

if this works very well in a few years in the future, I believe a lot of countries will use Dubai as one of prime examples in fully adopting cryptocurrency into their governments. More than that, we might use Dubai as a further study in the regulation sector of how they implementing cryptocurrency in various economy aspects.

Or should Dubai step further by making a some kind of cooperation league between countries in utilizing and cryptocurency? (since Dubai is part of UAE and I believe is a city, probably it will best to use Dubai as a model city for other cities within UAE)

Dubia approves crypto as a legal salary payment option, which means that if any company wants to pay their staff with crypto, it's acceptable, and if there is any breach of contract, any of the parties can sue or be sued. 
 
The same way you consider fiat to be very flexible, that's how those who are good with crypto can also consider crypto to be. You can also change your crypto payment to fiat in the same way that you can convert your fiat salary to bitcoin or any crypto of your choice.
 
The good thing about the news is that whatever the company and its employees agree to consider as their own salary, it's legal. 

In this case, we are far from the actual adoption of Bitcoin even if all employees choose to accept Bitcoin as salaries. As I explained before, those who will choose to accept their salaries in Bitcoin will be of two types: either employees who want to allocate part or all of their salaries in the form of a risky investment and they most likely have enough deposits that enable them to secure daily living expenses in a way that allows the salary to be used for investment savings, and I can almost guarantee that most of them will be senior employees who enjoy high salaries, or those expatriate workers who may choose this type of payment in order to make a quick and cheap transfer to their home country. In any case, there is no room for direct use of Bitcoin, and therefore this initiative remains a fundamental question about what its feasibility could be, and if a court in Dubai can issue these decisions, can it, by the same logic, allow economic sectors, partially or completely, to accept Bitcoin payments.

It is true that some country in Asia has agreed to incorporate the use of Bitcoin and cryptocurrencies for payments, this comes especially when so many things in life have changed from major bans happening earlier this year. Legally recognizing cryptocurrency as a form of true payment means more than just adopting the Bitcoin Act, but setting precedence that could encourage other countries to take similar actions. Such events could also help shed some of the skepticism hovering above digital currencies, proving real-life functionality beyond the use of speculative currency. It will be interesting to note how this initiative further goes on to affect the economy at large and also if it will generally increase the value and acceptance of cryptocurrency in the region and beyond.

This is just a recognition and it's not mandatory it will now depend on the employers if they would like to support this kind of action but I guess the people will be against it is the employees because we know how the market is volatile imagine it your payday and debit already to your wallet address and unexpectedly the market crash and makes a 5% price down movement still its a huge amount to others so they would prefer the use of the fiat currency. Again base on the statement its just recognized it depends on the institution if they adopt this.

Dubai's Bitcoin adoption is a step in the right direction for them, being a country that is a destination for tourism, it will encourage the crypto community to visit their country and spend money in cryptocurrency. This approval of Bitcoin payments in that country will encourage more people in Dubai, and other neighboring countries who are still skeptical about it to approve and encourage the use of Bitcoin. Although Bitcoin is volatile and not very appropriate for salary earners who needs to spend money on the short term because price can dip when they want sale or spend it but during bull run they will profit as it will yield returns on investment for them.

Great news for those who reside in The Emirates. They’ve been forward thinking & open to innovation & entrepreneurship for a long time now. They have no taxes on salaries & capital gains also. For some it could be the perfect place to move to, in order to avoid tyrannical, commie Western Governments.

When I first came across this development, the first thought that came to my mind is on the issue of taxation, I wanted to ask how the tax deductions will be for workers receiving they salaries in cryptocurrency, in the Emirates.

But seeing your comment that the Emirates doesn't tax salaries, that sounds as a big relief indeed, and it indeed a good move to diversify workers salaries payments method in this manner,

Regardless, it is still a good initiative to begin with. It is true that in able for the employees and its employees to start this kind of transaction it needed a mutual decision to begin with. Once some company started doing this (if ever there's no one yet) it will be just time to start that domino effect.

Other countries will follow; it's just a matter of time. If they see that the need for their citizens to make use of crypto currency is increasing, they will be left with few options to accept it.
 
It's not something that anyone here can ask them to join; it's a matter of political decision and the rest of it, but with time, the number of countries that will be accepting crypto as a legal means of payment will increase.

Crypto payments are already quite easy and if you could make this work for salary that would be even better and I believe that we are going to benefit from this and if you offered crypto payments to people for their salary, there would be 100+ million who would accept that , it's really the best way to make money.

However, we need to start from somewhere and maybe this could be the start, I am sure that El Salvador has this too considering they made it legal tender as well, so if you want you can get crypto salary there too I bet, but Dubai is huge and has billions that go in and out, so I think that would be a lot better deal.

In the end, we should definitely consider this as positive for crypto world. I know it is only bitcoin for now, but if bitcoin works well and everyone prefers it and loves this way, they will consider adding ETH as well because ethereum is second and loved by many too. Just like how we had BTC get an ETF just recently and right afterwards ETH got their own ETF as well very quickly, the first one (which is almost always btc) makes it easier for others to follow later on, and I believe that this salary situation will be the same, many nations will follow eventually.

Dubai is the newest country to adopt crypto as a means of salary payment. As far as I know, Argentina, Switzerland, and New Zealand have previously adopted crypto as a means of salary payment. Maybe in Asia it is the first country to adopt crypto as a means of salary payment, which is in line with Dubai's vision of becoming a global innovation center in blockchain technology. It is not surprising that the country is starting to accept crypto, especially since the country is very focused on the advancement of the digital era. This will indeed have an impact on widespread adoption and not only the business sector but also in the daily lives of the people in the country. Crypto sooner or later will not only be considered a speculative asset but also as a legal tender. Although there are challenges that must be faced such as the very high volatility of crypto prices that can affect the value received, it is important to make a transparent and clear agreement regarding the value at the time of payment.

Man this is so epic, I love to see stuff like this. The only way I know how to achieve this directly with any W2 is to feed your salary direct deposits into the cash app which will automatically convert your money to Bitcoin for you and hence you can be paid in Bitcoin. It’s pretty sweet!

We must not forget that this is not an official decision from the legislative institutions in the Emirates, but rather a ruling in a case based on evidence and facts.
https://finance.yahoo.com/news/dubai-court-ordering-company-pay-105717641.html

The judge did nothing but impose adherence to the terms of the contract concluded between the two parties to the dispute, but in fact he may have acted outside the scope of his authority since one of the terms of the contract between the employer and the employee does not have a legal framework regulating it. Perhaps another judge would have ruled the entire terms of the contract invalid on the grounds that it obliges the employer to pay in an unofficial currency that is not recognized. Let us imagine that the contract obligated the employer to pay in Russian rubles, for example, or in pesos? Given that they are not legal currencies, no law will allow them to be included in contracts and transactions. The same thing if there was any other unreasonable or ambiguous clause, this would assume the invalidity of all chapters of the contract. I do not know what legal juridictions this judge used to derive his ruling, but I cannot imagine that there are valid reasons other than that the contracting parties are required to respect the terms of the contract even if they are illegal or lack laws regulating them. Of course, this is rigid thinking and the issue should be raised for deeper and higher discussions in terms of legal reasoning methods on the one hand and preparing the way for the recognition of Bitcoin on the other hand.

The idea is a good one because a lot of countries look up to dubia and them embracing bitcoin will give other government more courage to actually want to invest and also encourage their citizens to also accept bitcoin do you know that at some point, i was have ides that if bitcoin is accepted all over the world it can be used as the world currency just that it as its own disadvantages, but it will be good because any country you are traveling to other countries you don't need to change to their currency the highest you can do is to have you spendable bitcoin in your wallet. and gradually a lot of countries will also want to take the same step with, that is one of the most interesting that every other country is in support of bitcoin, just that i hope when it comes to that the government will not want to take control.

Well, it's highly likely that employees will prefer fiat more than bitcoin as a salary payment due to volatility, but maybe out of 10 employees, there might be 1 employee who will prefer bitcoin most especially if he knows well about bitcoin. I guess in the long run, if bitcoin will be highly acknowledged in Dubai in the future, then receiving their salary will be based already on their own request or preference.

The western government policies have made it very hard for cryptocurrencies like bitcoins to thrive there, I haven’t seen any that has good sense of judgement on bitcoin or cryptocurrency. Good news that they don’t tax on salaries and and capital gains, it makes bitcoin a more attractive options for workers there to use as alternative to receive salaries, it has saved those that want to invest in bitcoin the process of buying. Good move by the government and I’m still hoping that more countries as significant as Dubai follow same path.


It has to be based on that and not compulsory to be used by all workers from Dubai. Without them even understanding the concept behind the technology, it’s not advisable they just accept to switch payment to that method. If their money gets affected by the volatility nature of the market, they will have a forever bad impression about bitcoin and cryptocurrency and won’t share the positive part of it. It should just be an alternative option and not a compulsory option.

This country is indeed quite brave in making breakthroughs and they have even become a country that is quite popular with world tourists. Approving salary payments using bitcoin is a brave step because they understand the impact that will occur. But in terms of a community like ours, this is a big step that they have taken. It will be interesting to see how in the future this country will try to implement something beyond the limits of people's thinking abilities because honestly not everyone understands bitcoin completely.

It is quite clear that it will have a positive impact on bitcoin especially in the country because people are starting to be open about further adoption and with the approval of salary payments using bitcoin it will make investors more open to developing their businesses in the country. The big effect that will be faced by the crypto industry in particular will get room to grow there even though it remains in compliance with the applicable rules.

At least this is a good start for the country and I am sure neighboring countries will try to consider this. If Dubai dares to make this breakthrough, it is possible that other countries close to them will consider this option.

I think if this applies to part time income sources it would be more effective because sometimes people would save money from part time jobs instead of spending it. Like many members on the forum, there are many people who barely spend the bitcoins they receive from signature campaigns. But for a full-time job it's really not ideal and I don't think many people would enjoy it.

In addition, receiving salary in fiat will also be more convenient and more proactive in spending and investing in bitcoin . For example, for those who don't have much money and only want to DCA when the market is in a strong correction , having a certain amount of fiat in the account is always an advantage .

Yes, it all depends on each person's preferences and needs .

Provably fiat would be preferable since there's no people with zero knowledge about bitcoin is willing to accept this asset especially if they know how volatile this coin. Provably they get worried about if there's a huge decrease of their salary if price of bitcoin dump by the time they receive their salary.

But although this one has been implemented hopefully they didn't force their employee to receive bitcoin, but rather they give them an option to choose on what they want to receive either bitcoin or fiat. But for sure it will take time for people to digest this new form of payment implemented to them. Although this is really a good start for them since by doing this initiative it somehow introduce bitcoin to a lot of people in their country.

That's a great step towards success. I am personally amazed by Dubai's approach towards business, their are doing very well and I like their vision. Crypto salaries will attract many crypto businesses and also very talented software developer, engineers and IT specialists who are also Bitcoin enthusiasts and investors.

Crypto salaries will be amazing for people who work in crypto companies. It will be good for businesses to pay in crypto because they already own it and it's also beneficial for those who want to keep their investment in crypto of their choice. Both, business and employee will save % on some fees.
Now I receive a salary in fiat. I buy Bitcoin on Binance with my fiat and I have to pay 2.5% more than the real price. Half Btc / Half Fiat is a great combo.

That's a great news for citizens of Dubai as this would enable them to invest in bitcoin directly.
Although Dubai has approved bitcoin for salary payments it might be difficult to find companies which are willing to pay salaries in bitcoin.
Not all companies are interested in paying bitcoins but still it's a good move from the Dubai government.

It is true that many companies may not want to enter into clear agreement with their employees to pay a part or all of their salaries in crypto, maybe due to transaction fees and some other reasons. However, the only good thing about this news is that it is possible for employers and employees to enter into a valid agreement to receive their salary in crypto, so it is a good development. In the coming weeks and months, we would see how popular this is going to be.

Dubai is one of the seven Emirates of United Arab Emirates not an independent country but it's financial hub of UAE, it's indeed a good news for crypto enthusiasts but to be more practical I don't think this would be feasible for everyone and a hybrid mode will be better and that too I don't know how the companies will manage their finances because their would be fluctuations in the price of Bitcoin and if it's bullish and by the time employees gets it to their wallet the value decreases then who would be responsible to compensate? Because companies would transfer it just like how the signature campaigns pay by considering the current price and sharing the BTC worth the amount of salary or payout.

I think we need to understand that Bitcoin is an alternative to fiat it cannot replace fiat.

Dubai is definitely positioning themselves to be a cryptocurrency hub for the world, and a lot of web3 startups are finding Dubai as the perfect location to start and head their businesses. A lot of these startups will be seeking to pay their staff not only in Bitcoin but also in other cryptocurrencies and tokens. I guess another reason Dubai is comfortable with employees receiving income in crypto is because th y don't have personal income tax.

Although I am also not optimistic that many companies or employees will accept bitcoin as their salary due to disadvantages like transaction fees or bitcoin's volatility. But it's too early to draw conclusions, they've just started implementing it and things take time.

I believe they must have had reasons and plans before making this decision because they also understand the disadvantages of bitcoin like us. But they still decided to do it, which means they had a plan for what they did, not just a spur-of-the-moment decision. Give them time and see what happens.

It's risky and challenging to receive 100% of salary in Bitcoin because of things you said, volatility, transaction fee and possible loss during holding time. Nevertheless, it is more acceptable to receive like 50% of less or more but not 100% of salary, and have some % of salary in cash or fiat currency that is ready to use anytime and won't be affected by Bitcoin price or mempool congestion.

If I have good salary and I only need to use 30% or 50% of my salary for family spending, I will be happy to receive the rest directly in bitcoin and don't have to pay fee to purchase bitcoin on any platform, then pay fee for withdrawal.

Have just saw this news yesterday( i might be late in checking lol) but this made me believe that this is also the reason why we are having Bullish market now .

Dubai  as one of the richest country? this will bring best result to the whole market.

and this brings more popularity to the whole crypto market and may in the whole world.

Yeah risky for part of employee that doesn't have any knowledge about bitcoin. Also even if I know bitcoin provably that I don't want to receive this currency since for me its not good to deal with it especially if this is hard earned money since volatility is questionable and we might just get disappointed with the result. 50% still bit off since its like we don't have a right to choose on what currency we like to receive.

Maybe best to receive fiat and they just let people decide if they want to buy bitcoin or like what other say bitcoin is just optional if people want to receive this coin when they need it. The reason why I want to receive fiat since I want to take care first the need of my family also the bills to pay. Investment is just my third priority that's why its always good to receive fiat in this matter.

I don't think this has anything to do with the recent bitcoin price surge as the regulation was just passed and hasn't even been implemented yet. We need to wait and see how the Dubai government will implement this idea, and how they can convince people to accept receiving their salary in bitcoin, because getting paid in bitcoin has some disadvantages as people have mentioned above.
If this news came from the US or China I would agree with you but Dubai is not a country that has a big influence on the market.
As for why bitcoin is rising, I think the recent Fed meeting was the catalyst as they are planning to cut interest rates next month. Anyway, this news is quite exciting, any country that legalizes bitcoin and its use is good news.

Yes, it will be a good development, but the question will also be because here it will also be easy for the employees to accept their employers' will for this. Because it's like their government is giving orders to their subjects.

But always, however, if it is an order from the government, even if the employers don't want to, there is nothing they can do, in my opinion. Although, for us crypto enthusiasts, this is actually very good news.

Yes, that is true. Although we are seeing this already in forums like upwork and this forum itself but all of this is unofficial.
With Dubai legalizing the process of salaries in bitcoin, it would be clearly official and may be this would increase the usage and accpetance of bitcoin.
We have seen how countries follow one another when it comes to bitcoin and so may be other countries start legalizing salaries in bitcoin too.

This is just the first stage cleared by the court. It will take more time to make it official in Dubai. But definitely this is positive news, and all the investors from Dubai will be ready to make the advance move to make the most profit from the cryptocurrencies. As there is no heavy law and tax on trading cryptocurrencies or forex, hence Dubai is ideal for this type of investment. Now that this salary thing gets legal, I am sure more Bitcoin investors will completely shift to Dubai to make profits and to pay less in tax. Definitely good news for the Bitcoin community.

Dubai is one of the countries that always cares about its people and has become a popular tourist destination with many facilities. Paying employees with bitcoins and accepting bitcoins in Dubai can provide great advantages for both citizens and tourists because there is no need to convert dollars to dirhams, and maybe in the near future stores and hotels in Dubai will also accept bitcoin as a payment method which is great.

I don’t even know why they were slow on accepting this and I was shocked with their rejection last year and I’m glad they’re already seeing the light.
One thing is certain, if payments are made in cryptocurrency (Any agreed coin by the employer and his employees ) people will definitely adjust to it’s volatility and rather learn how to make it worth it at the long run, and just like the cases with signature campaigns, payments are mostly made in bitcoin and even persons who were new to it, still accepted it and already adjusting towards it.

It’s a good news indeed seeing dubia with this move and I’m sure some other countries will do same

True. This could bring a lot of advantages to those people who are now exposed to crypto specifically bitcoin because they can start to study bitcoin if they want so they will gain clear understanding about bitcoin. And if lucky enough, both employer and its employees will agree about bitcoin having as a salary payment, so they can use it for their future investment or just simply as a current when bitcoin becomes a legal tender in their country.

That's a step that further legitimises Bitcoin on the global stage.
If I'm reading this right, employees would be able to receive their salaries in bitcoins (or other cryptocurrencies) but the employment contracts and the value of payments would likely still be expressed in fiat currency.
I don't think this will have any material impact on BTC's price, as I don't think there will be a large number of employees opting for such payments (given they could just purchase crypto on their own) but still a good news.

Dubai Paying Salaries in Bitcoins may have an important impact for Bitcoins but in Dubai it is very likely that not all salaries will be paid in Bitcoins but partial payments will be made in Bitcoins.
However, accepting payments through Bitcoin will not help in the economic development of countries where bank salary transactions are conducted.  Especially in my country Bangladesh, all the remittances that come through the bank will now be exchanged through Bitcoin, in this case the government will not receive the remittance.

But receiving 50-70% of your salary in bitcoin also has a disadvantage that you need to consider, which is that you will not be able to actively buy bitcoin at the price you want. I mean, would you be happy to get paid when bitcoin was at $73k, and then bitcoin dropped to $50k? Meanwhile, those who receive 100% of their salary in fiat would have the advantage of buying bitcoin at $50k.


Of course, you will have to accept that because there is no other way and it doesn't matter much because you consider it a long term investment. But if this happens many times, it will be a very uncomfortable and inconvenient feeling.



Overall, everything has its pros and cons and it will depend on each person's choice.

This news will certainly have a very good impact on the progress of cryptocurrencies, especially bitcoin. Because as we know, the UAE is a very large country and also very advanced in various fields. So the UAE pays salaries in the form of cryptocurrency or bitcoin, of course this will have a very positive impact on the progress of the bitcoin/crypto world. Because of course in the UAE there will definitely be more and more people who have bitcoin or other cryptocurrencies and this will of course have a big influence on the increase in bitcoin/crypto prices. But even so, we don't know for sure how the people there will respond. Because of course when proposing big changes like this, there will definitely be many parties who disagree. As is the case in El Salvador, when bitcoin was legalized as a means of transaction there, quite a few citizens opposed the decision. So I don't think the UAE will be too different from El Salvador. Perhaps this will be the toughest challenge for the UAE currently. Because of course not all workers in Dubai want to be paid their salaries in bitcoin or cryptocurrency. But fortunately, people in the UAE definitely understand more about technology, so with this we can be sure that the people who oppose this decision are most likely only a minority.

For me I think from the beginning it may be optional but as time goes on it will become normal. Just like salary was first paid in cash when there where no banking system and  people gradually adopted banking system later when they knew the importance/ advantage of banks over fiat. so shall most people who are not well knowledgeable about cryptocurrency or bitcoin and how the payment system works, will gradually understand the importance and fully adop it. It's just a matter of time. I believe this great idea will increase the adoption of bitcoin. This is really a great news to the Bitcoin community.

The best scenario would be for an employee to choose if they want to be paid this way, it
shouldnt be compulsory. Also If anyone opts into this they should have the right to choose
what crypto to be paid in - not just a $hit coin like in the report "EcoWatt".

I wouls like to hope that anyone opting for this would realise the benefit of getting partly
paid in Bitcoin, and have a medium to long term outlook on those payments and indeed
see it as a DCA strategy as someone already pointed out.

I think its a definitely a better option than for example taking some of your FIAT wages and
saving a portion every week in a bank!

This is definitely an option as bitcoin is not a major currency or payment method in Dubai, if it becomes mandatory, the government will immediately face strong opposition from the people.


Of course, anyone who intends to receive part of their salary in bitcoin or cryptocurrencies, they certainly plan to hold them for the long term. If they are not investors or do not intend to invest long term in bitcoin, they will have no reason to make this choice.


But you can also get paid in fiat and then base your monthly spending plan on investing in bitcoin whenever you want. As kro55 said: it will be even better because we will be more proactive in choosing the right time to buy bitcoin. If we know how to analyze the market, it is clear that owning fiat money is slightly more beneficial than defaulting to receive salary in bitcoin.

That is really good news for bitcoin users and hope many countries will follow dubai in future. But I don't know how dubai people will react to this because some people don't know about bitcoin.

I wasn't really paying attention on what you explained previously before you replied me, but now after I read it thorough fully, I understood your concern, especially the part when you mentioned about the salary, therefore it does make sense and I kinda agree with you. Although I may not able to answer your doubt for now, but for people who have invested their money and saving in Bitcoin, the thought of full adoption of Bitcoin would give a positive impact for them since it will affected the Bitcoin price drastically in a good way, it might sound selfish in some sense, but there if there is a way that would give more benefits to me, I'm onto it, and me for the adoption of BTC within a country would be very beneficial for me.

In addition, Bitcoin could be used as a payment options for people who want to invest their money, for people who don't, they could just choose FIAT instead, though it might not sound efficient, it could still help people to have better life saving or pension saving.

This is the same scenario I envisage in my country in the nearest future and that's why I ain't perturbed with whatever negative decisions regarding cryptos the present political administration is taking. Of a truth, one day it will be a 360 degrees reversal on all crypto activities and Nigerians will go back to their normal trading and exchange activities of cryptos.

We can't down play the value crypto has brought to the global economy if truth be told. It's just sad that governments of the world know it but are acting pretentiously. They go against cryptos as an entity of government but are quick to embrace it as individuals in their closets. Some of them have crypto investment.

The issue with this approval is complicated but I think this move is pushed by people With Bitcoin movement which is great. Dubai is a great land for crypto enthusiasts, no regulations and you are free to invest under the law of the country but assuming they have allowed it as legal tender, it will pave way for many things in the country. This approval will only favour those who wish to buy Bitcoin with salary and the company will give the approval.

How many people are going to accept this? This is going to be few because right now Bitcoin price looks expensive and which means people will buy more when the market goes down, not now that it's looking like a bomb that want to explode if Donald Trump perhaps didn't win the election later. So I'm expecting a surge when there is a bear market .

The  payments in Bitcoin really have to optional and not mandatory because if it  becomes mandatory definitely there are going to be certain negative feedback and sentiment from people hence payments should be made optional as to many that have seen the true potentials bitcoin holds and interested in it through personal conviction because definitely some people might not be interested and of course they shouldn't be forced to do so, but however and undoubtedly Bitcoin has really gained more wider spread adoption which a lot of people might regret for not getting involved with Bitcoin when theybfirwt had the opportunity to do so.

Any news in regarding or in connection with adoption then it would really be always considered POSITIVE, on which this would really be adding up the overall awareness about Bitcoins existence.
We are really that seeing that this current trend something inevitable for it not to be known. Now that there's an option for payment in form of Bitcoin then it would really be that an advantage
into those citizens who are really that dealing up with Bitcoin or crypto. We do know that DUBAI is really that a rich country and having this kind of acceptance is something that really good.
Lets hope that there would really be other countries who would really be doing such the same initiative or decisions in regarding on considering it.

First of all, Dubai is a city located in the United Arab Emirates, not a country ;D Besides that, from what I recall the Emirates, Dubai in particular, have always been pretty open about cryptocurrencies in general so I'm not surprised they approved this law. Of course it's also good for the whole crypto world, having a city like Dubai recognizing cryptos as payment is a big move, probably others will follow.

Dubai opened for Bitcoin and allowed trades of luxury things like real estates via Bitcoin many years ago. It's 7 years ago, in 2017.

Luxury Dubai High Rise Apartments Will Be Sold for Bitcoin (https://news.bitcoin.com/luxury-dubai-high-rise-apartments-will-be-sold-for-bitcoin/). 7 years later, if Dubai's local government opens bigger space for Bitcoin and its ecosystem there, it's very logical.

Middle East is a region with high friendly policy for Bitcoin and cryptocurrencies. We can see many conferences hosted in Middle East every year related to Bitcoin and cryptocurrencies. The founder of Telegram, Pavel Durov, lives there before his flight to France and was arrested days ago.

I don't think any government will even make it mandatory, they will just make it an option for those who want to pay using Bitcoin it is going to be fun and less stressful because when it is time to pay using Bitcoin you can even scan then send that makes it very easy, because even the word is advancing, it is just as if bitcoin has been in the future for a very long time and their countries that they made bitcoin a means of payment and I don't see them with any complain and since Dubai is considering to make it as another method of payment makes it more fun because it going to affect the price of bitcoin for sure. Dubai people are business people so they definitely have a reason for doing this, and other countries will pick an interest and might even want to give Bitcoin a shot because a lot of countries have been having issues with legalizing bitcoin and just a single decision can change a lot things so every decision is an opportunity  to open more doors and that is what we want positive news always.

Here you can read all those things in this article https://www.morganlewis.com/blogs/sourcingatmorganlewis/2024/08/paying-salaries-in-cryptocurrency-in-the-uae-a-new-possibility

It shows what workers to receive still fiat and its optional or some part maybe paid thru cryptocurrency if they allow this to happen. But for sure big institutions or companies won't provably deal with this set up since for sure what's more convenient for them is to pay using fiat.

Although many got amaze in this news but I don't think workers should receive a volatile currency since majority of them cannot afford to lose a value if the price of bitcoin collapsed. Maybe if they implement this one to be used to buy physical goods then it will be more better adaption in their country.

Well, the thought is it doesn't differ people who participate signature campaigns. The difference is you could only hold it as investment once received or exchange to fiat on Dubai, and who would think bitcoin price will collapse, its possible but it will not happen overnight unlike any other altcoins.

Well, they recently banned crypto payments on UAE so it's not possible unless  they amend that ruling.

Bitcoin is indeed the safest even though price fluctuations will always occur, but Bitcoin will still return to its highest price faster than other coins.
An overnight crash may also happen, but that's only because of some FUD that may be quite strong or about interest rates being raised and some of the rules that are being managed by the SEC.

Based on the facts I found and in the latest article, the UAE has given the green light for salary payments using bitcoin as legal payment, so that the rules that previously prohibited it have changed to allowed.

https://cointelegraph.com/news/dubai-court-crypto-salary-valid-payment-law-decoded

Time to move to Dubai 😉


The forum signature campaigns are weekly salary for some people and I do not think the volatility effects that much for them. When you have a goal to DCA then it's different but receiving salary means you are going to spend it anyway. The BTC can easily sold to their local currency. On the other hand, people can use bitcoin in their daily life shopping too.

I think almost everyone in the world knows about bitcoin now. The question is how many are using it, how many of these people have their own wallet and made a transaction.

If Dubai starts paying its citizens in Bitcoin then Bitcoin won't lose value but gain more value overtime. The reason for that is the interest of the investors. The whale investors or investing companies know the potential of a country like Dubai and when Dubai starts paying in Bitcoin then for that they'll have to reserve huge amount of Bitcoin.

The Dubai Government will keep accumulating more Bitcoin so it can pay the citizens with Bitcoin, however if instead of Bitcoin they choose some kind of stable coin like USDT then that's not going to help Bitcoin at all, but I'm pretty sure Dubai is going to be a hub for cryptocurrencies and they won't avoid Bitcoin and they may also consider paying with some good altcoins as well.

Dubai is a country where people of all nationalities come for tourism and business purposes this news will have positive effects on crypto community. By this acceptance other gulf countries will also start accepting it as payment method in their countries. But this will take time and it will add a great value to bitcoin’s price as most of the gulf countries trading in oil.

Dubai finally approving crypto for salary payments is a big step, but it’s kind of overdue. The city has been a hub for blockchain startups and events for a while now, so you’d think this would’ve happened sooner. Still, it’s great to see Dubai catching up and officially embracing crypto in a way that could make a real impact. This move could really boost confidence in using digital currencies for more everyday things, like getting paid.

I agree that if Dubai starts paying its citizens in Bitcoin it could lead to significant increase in value. Move would attract major investors and companies who would need to hold large amounts of Bitcoin to facilitate transactions. As Dubai government accumulates more Bitcoin for payments demand would rise driving up value. By the way if they opt for stablecoin like USDT instead it would not benefit Bitcoin. I also believe Dubai will embrace cryptocurrencies including Bitcoin and select altcoins and become hub for digital assets. This move could cement Bitcoin status as more valuable currency and pave way for wider adoption.

Pretty sure there are many digital nomads in dubai that already accepting crypto as a payment, though not limited to bitcoin but including stablecoin but agreed the gesture of dubai finally approves bitcoin for salary payment is really a good thing to hear.
I mean dubai has always been embracing technology these days so it's not really a surprise for me but other countries who care about technology should also follow dubai in adopting bitcoin and so on.

it just needs to be optional and problem solved, worker could opt out from receiving salary in bitcoin and they can also opt in, I think the solution is as simple as that.

The new policy of Dubai government will surely bring big changes in the long run. If one or two companies pay their employees in a token in this way, gradually crypto payments will be established. But even if it is only now supported by the courts, it will take some time to see how it will affect the people there. However, the Dubai authorities have taken a far-reaching decision. Those who are tourist will also welcome this initiative. Especially if workers were paid in Bitcoin rather than other tokens it would seem more positive aspects. However, due to the volatility, there will be different opinion from different people. But all in all, I think such a decision by the Dubai government will create a positive impact on their economy as well as crypto currency world.

I think this idea will require some time before it will actually spread, and you have already mentioned the main reason: volatility. I'm not even considering altcoins but let's take a look at bitcoin alone, sometimes it loses even 5-10% in a day, in that way is difficult to plan your life and expenses. They best way would be getting maybe something like 15-20% in bitcoin and the remaining part still in fiat until the moment bitcoin will be more stable.

We know crypto usage is growing on a daily basis therefore companies, agencies, governments and many more will find ways to utilise it if it suits their agenda. Whether it is one country today and another tomorrow, the list will keep on growing.

Keeping that aside, what I find more interesting about this thread than the topic itself, is that the OP (Ndabagi01) created the thread on 17th August 2024 and then made the next post on 24th August 2024 and after that did not post again. He has been busy posting in many threads elsewhere. If the OP is no longer posting in a thread they created and the news they publicised is now effectively old news, then locking the thread would probably be the better option.

After looking at the post history of the OP, this thread This is what I call spam feeder (https://bitcointalk.org/index.php?topic=5507689.msg64503642#msg64503642) comes to mind.

The value that cryto has brought to the global economy is way beyond what many of us know. And I'm pretty sure this is just the beginning because the discovery is less thsb than 2 decades ago and not much of the opportunities have been exploited by the world.

The government's been scary about the technology for the fear that the world would be more communist than they ever wished it to be as they may not be able to effectively control values attached to the money singlehandedly which is true to a large extent, hence their continued resistance to the technology .

Not something new or really that shocking on which the government would really be that wanting or liking on which of course they do always prefer for things to be centralized as much as possible or something that they could be able to control and manipulate. On th moment that they've seen something that cant really be able to control on then they would really be doing their very best on trying to get rid of it. Ex. Bitcoin or generally cryptocurrencies, but we've seen that they've failed into this part and despite of how many bans and prohibites and fuds that had been created but still this market stood strong and had become even more stronger
as the years passing by. Community or supporters are growing in numbers on which it do simply shows that there is really that having that progress.

Any news or events that do talks about adoption then it will really be always a positive thing. We are gradually embracing out Bitcoin and other related utilities on which it could really be that applied into our
daily living on which it does really give out that kind of convenience and that what matter the most. We do hope that global adoption would really be that becomes even more rampant on the years to come
and now that government is already recognizing its existence then we can actually expect that there would be much more in upcoming years.

I am not surprised to hear about this. The world is gradually evolving and currently I think this is financial evolution taking place. So the country is just only taking a strategic position and getting ready for the wave as it come towards their direction. This is a smart move and they just stole caught the attention of many crypto enthusiasts and tourist who would begin to troop in their nation as it already has been in the past.

Be it as it may, the country is already prepared to welcome and embrace the current development in technology and financial sector which would make them a center  of attraction as they already are but this time it would be in a higher mode of engagement because they have accepted, approved and doing that means that crypto is now legal in the country if I am not mistaken.

I totally agree. Dubai is just one of those countries who experience crypto progress in their own area, so as much as utilization is concern, then why not use it as a salary payment as long as the employer and employees mutually agrees on it. In fact, that's an edge on part of the employees as they can start saving some bitcoin for their future investment, regardless of its volatility matter.

Do you also agree that this thread was created by the OP in order to hope for merits but when he did not receive any he moved on to create other threads and left this one. If you look at the post history of the OP he has a pattern of doing this and there are several other accounts that engage in the same thing. The only motive that comes to mind is merits.