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.
Dubai's Court of First Instance recognized cryptocurrency as a valid form of salary payment, marking a significant shift in the UAE's approach to digital currencies. This decision is a notable update from the court's previous stance in 2023, where a similar case was rejected due to issues with valuing crypto payments.
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.