A Brazilian bill proposes the regulation of salary payments in 'digital assets', including Bitcoin and other cryptocurrencies. This initiative may transform salary systems in the country.
Regulating Crypto Salaries
The bill, presented by Orleans and Bragança, suggests the possibility of partial salary payments in cryptocurrencies. The primary condition is the agreement of both employer and employee. At least 50% of the salary must still be paid in Brazil's national currency.
Requirements and Worker Protections
To ensure transparency, the value of crypto payments would be based on official exchange rates approved by Brazil's Central Bank. Employers must provide detailed payment statements and organize educational programs for workers.
Experiences from Other Countries
Bhutan's Prime Minister highlighted how Bitcoin mining has strengthened the country's economy, aiding in funding public services and paying salaries of public servants.
The bill has spurred interest in the potential of cryptocurrencies in the economy. Its approval could reshape salary payments and economic strategies in the country.
