• 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

9 months 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

CFTC Launches Pilot Program for Tokenized Collateral in Derivatives

chest

The US Commodity Futures Trading Commission has launched a pilot program allowing Ethereum, USDC, and Bitcoin as collateral in regulated derivatives to observe their behavior under stressed conditions.

user avatarMaria Fernandez

Investors Urged to Reassess Strategies Amid Bitcoin Volatility

chest

Investors are encouraged to review their portfolios and consider dollar-cost averaging in light of Bitcoin's recent price drop.

user avatarGustavo Mendoza

Challenges of Launching Aave V3 on MegaETH

chest

The governance proposal for Aave V3 on MegaETH faces challenges regarding security and user adoption.

user avatarRajesh Kumar

Potential Impact of Senator Lummis's Cryptocurrency Tax Reform

chest

The proposed legislation by Senator Lummis could ease compliance burdens for Bitcoin users, potentially increasing cryptocurrency adoption in daily transactions.

user avatarMiguel Rodriguez

Senator Lummis to Finalize Crypto Market Structure Bill Next Week

chest

Senator Cynthia Lummis announced her intention to proceed with the Responsible Financial Innovation Act bill next week during the Blockchain Association Policy Summit.

user avatarLuis Flores

Unconventional AI Secures $475M Seed Funding to Revolutionize AI Hardware

chest

Unconventional AI has raised $475 million in seed funding to develop energy-efficient AI hardware, positioning itself as a leader in the industry.

user avatarArif Mukhtar

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.