That's weird because the UAE (which Dubai is part of) was lately moving a bit against cryptocurrencies. They even put in place a ban on cryptocurrencies payments in the UAE:
"The UAE has outlawed the use of cryptocurrencies for payments"
Is it really a duality? Why wouldn't it be legal to get paid in whatever you want... including potatoes or crypto?
Most people happen to prefer currency, but nothing should stop you from being compensated for your time and expertise in the whatever way you want.
From the article:
The court acknowledged the inclusion of EcoWatts coins in the contract in 2023. However, the employee's failure to offer a transparent means of pricing the cryptocurrency in fiat terms meant that it could not be used to enforce the payment.
“This decision reflected a traditional viewpoint, emphasizing the need for concrete evidence when dealing with unconventional payment forms.”
This seems to imply the original issue was the crypto currency called EcoWatts was difficult or impossible to value at the time. This would mean the contract would also be impossible to enforce or mediate.
The UAE is massive on surveillance and tracking of individuals. It is ubiquitous.
Crypto payments that sidestep the "surveillance plugs" make things difficult for Brother Eye.
Crypto salary contracts will formalize the accountability via ensuring the government is always in the 'know' of 'A' and 'B'. Added advantage of now being privy to any and all intermediate steps of the crypto transaction.... for science.
Another facet of UAE law is that you will never know if you are truly doing something legal or illegal, and they like it that way (Cardinal Richelieu would be proud). Interpretation by their sharia-esque judges is everything, and depending on the parties involved (rich vs poor; local vs foreigner; muslim vs buddhist etc) interpretation is easily gamed. Like everywhere but without the 'easily' or the pretense.
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[ 3.0 ms ] story [ 20.1 ms ] thread"The UAE has outlawed the use of cryptocurrencies for payments"
https://cointelegraph.com/news/uae-crypto-payments-ban
I don't know if they backtracked on that or if Dubai's decision supercedes the one of the UAE.
Most people happen to prefer currency, but nothing should stop you from being compensated for your time and expertise in the whatever way you want.
From the article:
This seems to imply the original issue was the crypto currency called EcoWatts was difficult or impossible to value at the time. This would mean the contract would also be impossible to enforce or mediate.Crypto payments that sidestep the "surveillance plugs" make things difficult for Brother Eye.
Crypto salary contracts will formalize the accountability via ensuring the government is always in the 'know' of 'A' and 'B'. Added advantage of now being privy to any and all intermediate steps of the crypto transaction.... for science.
Another facet of UAE law is that you will never know if you are truly doing something legal or illegal, and they like it that way (Cardinal Richelieu would be proud). Interpretation by their sharia-esque judges is everything, and depending on the parties involved (rich vs poor; local vs foreigner; muslim vs buddhist etc) interpretation is easily gamed. Like everywhere but without the 'easily' or the pretense.