• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Brazil: Crypto and Bitcoin Salary Discussions Underway

user avatar

by Giorgi Kostiuk

a day ago


The Brazilian National Congress is reviewing a bill that could allow employees to receive part of their salary in Bitcoin or other crypto assets. The bill mandates that a portion of earnings remains in Brazilian reais.

Key Provisions of the Law

Authored by Congressman Luiz Philippe of Orleans-Braganza, the bill aligns with Brazil’s regulatory framework for virtual assets. It proposes giving workers the option to choose cryptocurrency payments while adhering to labor regulations.

“I presented a bill for workers to have the option of receiving their full or partial salary in Bitcoin or other cryptocurrencies. The idea is that they can strengthen their autonomy and preserve the purchasing power of their remuneration.”Luiz Philippe of Orleans-Braganza

Financial Education and Security

The bill mandates companies to provide detailed payment records and financial education to employees opting for crypto payments, focusing on market volatility and transaction security.

International Comparisons and Prospects

Argentina proposed a similar move in 2021, reflecting a global trend towards blockchain adoption. If approved, the bill could normalize crypto transactions in the labor market, positioning Brazil prominently on the global stage.

Brazil's initiative to integrate cryptocurrencies into its financial infrastructure could have significant implications for the future of the labor market. The bill will be further reviewed by the Chamber of Deputies before moving on to the Federal Senate.

0

Share

Other news

XRP Market: The Implications of a Price Drop

XRP drops 8%, amid regulatory scrutiny and technical outlook.

user avatarGiorgi Kostiuk

2 minutes ago

Best Coins to Invest in This Month: Qubetics, Monero, and Tron

Qubetics, Monero, and Tron attract crypto enthusiasts with unique features and promising prospects.

user avatarGiorgi Kostiuk

3 minutes ago

XRP: Current Support Levels and Potential Price Movements

Technical analysis of XRP highlighting key price levels and divergences affecting cryptocurrency outlook.

user avatarGiorgi Kostiuk

6 minutes ago

Impact of Regulation on Ripple's Price Decline and Subsequent Market Reactions

Ripple's XRP price dropped by 8% due to regulatory uncertainties and dynamic trading environments.

user avatarGiorgi Kostiuk

9 minutes ago

FalconX Partners with StoneX for Launch of Solana Futures on CME

FalconX completes first CME Solana futures block trade with StoneX.

user avatarGiorgi Kostiuk

9 minutes ago

Trending Meme Coins: BTFD Coin, Snek, SLERF, and Brett

Explore trending meme coins: BTFD Coin, Snek, SLERF, and Brett. Learn about trends and key features of each.

user avatarGiorgi Kostiuk

10 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.