This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to launch our first-ever promotion for Moonbix — our Telegram Mini-App game! Users may complete missions during the Promotion Period to share a total of 145,000,000 DOGS and 15,000,000 NOT in token vouchers.
Join the Promotion!
Promotion Period: 2024-10-07 10:00 (UTC) to 2024-10-16 09:59 (UTC)
How to Qualify:
Opt-in to the Promotion by clicking the “Join Campaign” button on the Moonbix Giveaway Landing Page.Bind your verified Binance account with Moonbix here.Complete any of the following mission(s) on the landing page during the Promotion Period to qualify for the corresponding rewards, where applicable.
Mission EligibilityMission DetailsOnly qualified participants who are new Binance Spot users The first 50,000 qualified participants who have not traded on Binance Spot prior to the Promotion, may trade a total of at least $50 equivalent across any spot trading pairs during the Promotion Period to each receive 2,900 DOGS in token voucher.All qualified participantsThe first 31,250 qualified participants who trade a total of at least $200 equivalent across any DOGS or NOT spot trading pairs during the Promotion Period, will each receive 480 NOT in token voucher.
Notes:
Users are required to click the “Join Campaign” button on the landing page first to successfully complete any of the above missions during the Promotion Period. Users may check the status of completion for each mission on the landing page. If the mission card turns green, it means that the mission is successfully completed.Each user may qualify for up to two token voucher rewards in this promotion, where applicable. Rewards will be distributed in the form of token vouchers within 21 days after the Promotion Period ends.
We hope you share our excitement for the first giveaway for Moonbix users. Stay tuned to the Binance Moonbix Telegram Announcement Channel, as we will soon unveil more exciting utilities for your in-game points.
Terms & Conditions:
These terms and conditions (“Activity Terms”) govern users’ participation in the Moonbix DOGS & NOT Giveaway (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the  following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users from qualified regions who complete KYC and fulfill all qualification requirements above by the end of the Promotion Period shall be eligible for any rewards.Each user may rebind their Binance account to Moonbix for a maximum of one time only. Rewards will only be distributed to the last Binance account bound to Moonbix, where applicable. Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations, risk accounts, self dealing, or market manipulation).Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Rewards Distribution: Rewards will be distributed in the form of token vouchers within 21 days after the Promotion Period ends. Winners will be able to log in and redeem their token voucher rewards via Profile > Rewards Hub. All token voucher rewards will expire within 14 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a voucher.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-10-07
Note: This announcement was last updated on 2024-10-14 to clarify that users may rebind their Binance account to Moonbix for a maximum of one time only, and rewards will only be distributed to the last Binance account bound to Moonbix where applicable.

The post Dubai Legalizes Cryptocurrency Salaries: A Game-Changer for Crypto Ecosystem appeared first on Coinpedia Fintech News

The UAE judiciary is embracing the future, especially when it comes to cryptocurrencies. In a groundbreaking decision, the Dubai Court of First Instance has ruled that cryptocurrency can be a valid form of salary payment under employment contracts. This is a big deal and marks a significant shift in the United Arab Emirates’ (UAE) legal approach to digital currencies.

The Case History

In 2023, (Judgment No. 6947 of 2023) an employment dispute case came to the court. This case involved an employee with a work contract to get payment in fiat and 5350 EcoWatt tokens monthly. However, the employer did not pay the crypto part for over six months. The court acknowledged crypto being in the contract, however did not force the employer to pay because the employee failed to provide a clear method to calculate the crypto in terms of fiat.

New Judgement Embracing Crypto 

A similar case (number 1739 of 2024) appeared in court in 2024. This time the Dubai court displayed a progressive stance towards crypto in wages. The court ruled in favor of the employee and ordered the payment to be made in EcoWatt tokens instead of its fiat value. It stated that according to the Article 912 of Civil Transaction Law, the wages are a right of the workers against their hard work.

The Global Impact

This ruling made a pavement for getting crypto as payment if stated in the work agreement. This case demonstrates that Dubai is serious about staying at the forefront of digital currencies. And why wouldn’t they be? Dubai has become a global hub for crypto companies, with nearly every major player in the industry setting up shop here. Crypto influencers from all over the world are flocking to Dubai to enjoy its crypto-friendly ecosystem.

It’s worth noting that while El Salvador has made Bitcoin a legal tender, allowing payments for everything from groceries to wages, Dubai hasn’t gone that far. But by making crypto wages legal, Dubai is setting an example that the rest of the world might just want to follow.

Setting up a new Landscape

The Dubai Court’s ruling in favor of crypto wages shows that UAE is not only embracing digital innovation but leading the way for the world to follow. The shift in Court’s stance from 2023 to 2024 shows how fast UAE adapts to the new technology and merge it with their current systems. It is clear that this ruling will definitely encourage other countries to broaden the use of cryptocurrencies in their financial systems.

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