Brazilian lawmakers, led by Federal Deputy Luiz Philippe de Orleans e Bragança, have proposed a bill to permit salary payments in Bitcoin and other cryptocurrencies. The bill mandates that no more than 50% of a salary can be paid in crypto, with the remainder in Brazilian real, and allows exceptions for specific worker categories. The conversion rate for crypto payments will be determined by authorized institutions affiliated with the Central Bank of Brazil.
In Brazil, the legislative body is contemplating a new bill that would enable employers to compensate their employees with cryptocurrencies such as Bitcoin officially. Proposed by Federal Deputy Luiz Philippe de Orleans e Bragança, the bill, designated as PL 957/2025, was introduced on March 12 and aims to regulate crypto remuneration for wages and labor benefits.
The bill stipulates that while employers can utilize cryptocurrencies for wage payments, a portion must be made in the national currency, the Brazilian real. Specifically, Orleans-Braganza, who is serving his second term in the federal legislature and is a notable supporter of various political initiatives, has sought to ensure that Bitcoin payments do not exceed 50% of the total salary.
Under this proposed legislation, the exclusive payment of salaries in virtual assets is specifically forbidden, with exceptions made for expatriate or foreign workers as per the regulations instituted by the Central Bank of Brazil. Full payments in cryptocurrency may, however, be permitted for independent service providers, given that certain contractual terms are adhered to.
Important to note, the legislation mandates that the cryptocurrency conversion rates utilized for payment will be dictated by an institution designated by the Central Bank of Brazil. This topic is evolving, and updates will be provided as more information becomes available.
Brazil is moving towards a regulated framework that permits cryptocurrency payments for salaries, under specific guidelines that require a portion of payments in Brazilian real. The introduction of this bill marks a notable step in cryptocurrency integration into formal economic practices while maintaining some conventional payment methods. As debates continue, the outcomes will shape the future of digital currencies in Brazilian workplaces.
Original Source: cointelegraph.com
