#DubaiBlockchainWeek

#bitcoin #Binance #bitcoin $BTC

How would you like your salary? Cash? Cheque? Bank transfer? Crypto? 😳

A Dubai court ruling has marked a significant shift in the legal acceptance of cryptocurrencies in the economic powerhouse, acknowledging cryptocurrency as a legitimate form of salary payment 👛

The United Arab Emirates had previously been cautious of digital currencies due to valuation concerns, but this latest ruling from last week came as a result of a lawsuit claiming that an employee had not been paid their wages and sought wrongful termination compensation 🧐

The employee’s salary included cryptocurrency payments, which the employer withheld for six months. The court ruled in favour of the employee, upholding the crypto payments as outlined in the employment contract without converting them to fiat currency - that is, government-issued currency which is not backed by a commodity (like gold) 👨‍⚖️

The 16th August decision by the Dubai Court of First Instance is being seen as a big step for the future of cryptocurrencies, which continue to dominate not just tech discussions but also a number of financial sectors 🧐

Would you accept your salary in cryptocurrency? 👇