Post
Topic
Board Bitcoin Discussion
Re: Dubai approves bitcoin for salary payment
by
taufik123
on 30/08/2024, 17:20:11 UTC
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.
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.

...Maybe if they implement this one to be used to buy physical goods then it will be more better adaption in their country.
Well, they recently banned crypto payments on UAE so it's not possible unless  they amend that ruling.
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