Quote from: Ndabagi01 on August 17, 2024, 09:31:09 AM

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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 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.

Time to move to Dubai 😉

Quote from: Lucius on August 17, 2024, 09:56:59 AM

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.

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.

Quote from: Krishna1942 on August 27, 2024, 04:34:23 PM

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 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.