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

Brazil Mulls Over Cryptocurrency Wage Payment Bill

user avatar

by Giorgi Kostiuk

a year ago


A bill has been introduced in Brazil that would allow companies to pay their employees part of their wages in cryptocurrency. The bill was proposed by federal deputy Luiz Philippe de Orleans e Bragança and aims to regulate wage payments in virtual currencies.

Introduction of New Payment Rules

On March 12, a bill PL 957/2025 was filed aiming to regulate partial wage payments in cryptocurrencies like Bitcoin. It also mandates partial payment in the national currency, the Brazilian real.

Main Provisions of the Bill

The bill proposes to cap cryptocurrency payments at 50% of the total salary payout. Paying full salaries in cryptocurrency is prohibited, except for cases involving expatriate or foreign workers, under regulations by the Central Bank of Brazil.

Features and Limitations

Certain independent service providers are allowed to receive full payments in cryptocurrency subject to specific contractual provisions. The conversion of amounts paid in cryptocurrency must follow the exchange rate officially established by an institution authorized by the Central Bank of Brazil.

The Brazilian bill for partial cryptocurrency wage payments marks an important step towards the recognition of such assets at the national economic level. However, there are numerous conditions and restrictions intended to balance the interests of employers and the government.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Market Sentiment Favors Australian Dollar Amid Global Risk

chest

Market sentiment and risk indicators favor the Australian dollar, with the AUDJPY pair acting as a proxy for global risk sentiment.

user avatarMaria Gutierrez

Launch of Pengu Card Aims to Enhance Crypto Utility

chest

The introduction of the Pengu Card marks a shift towards practical utility in the Pudgy Penguins ecosystem.

user avatarSon Min-ho

Prediction Markets Indicate Ceasefire by Year-End

chest

Traders on Polymarket and Kalshi have placed over $200 million in bets predicting that the ongoing conflict will end by the year's end, with ceasefire odds currently standing at 82%.

user avatarTando Nkube

Pudgy Penguins Brand Expands Despite PENGU Token Decline

chest

The Pudgy Penguins brand continues to grow with new products and partnerships, even as the PENGU token drops significantly.

user avatarAyman Ben Youssef

Machi Big Brother Expands Ethereum Long Position

chest

Machi Big Brother, also known as Jeffrey Huang, expanded his leveraged Ethereum long position on Hyperliquid to 8,600 ETH, adding approximately 1,575 ETH in a single day amid extreme market fear.

user avatarZainab Kamara

Federal Reserve Meeting and Inflation Reports This Week

chest

This week, the Federal Reserve will release its meeting minutes and key inflation reports, with potential market volatility expected.

user avatarNguyen Van Long

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.