The Brazilian National Congress is considering a new bill that would allow employees to receive salaries in Bitcoin and other digital assets.
Bill on Digital Asset Payments
The Brazilian National Congress received a bill allowing employees to get paid in Bitcoin and other digital assets. The bill was authored by politician Luiz Philippe of Orleans-Braganza, advocating for the regulation of salary payments in digital currencies.
Provisions of the Bill
According to the bill, employees can receive up to 50% of their salary in Bitcoin if both parties agree. The bill also requires companies to provide financial education to employees.
International Examples and Digital Asset Competition
Brazil joins other countries exploring crypto payments, following Argentina's legislative proposal for similar measures.
The new bill could bolster Brazil’s stance on the global digital asset stage and attract more foreign capital.
