• 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

8 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

Solana Faces Significant Market Downturn Compared to Bitcoin, XRP, and Ethereum

chest

Solana is experiencing a significant market downturn, with nearly 75% of its circulating supply held at a loss, unlike Bitcoin, XRP, and Ethereum which have lower loss percentages.

user avatarJacob Williams

XO Token: The Backbone of XOCIETY's Economy

chest

The XO token is a crucial component of XOCIETY's in-game economy, enabling players to earn real-time rewards through various gameplay activities.

user avatarZainab Kamara

XOCIETY Secures $16 Million for Upcoming Early Access Launch

chest

XOCIETY has secured $16 million in funding to support its upcoming Early Access release on the Epic Games Store.

user avatarAyman Ben Youssef

XOCIETY: A Unique Blend of Shooter and RPG Mechanics

chest

XOCIETY is an innovative third-person shooter that incorporates RPG mechanics, set in a captivating sci-fi world where player decisions significantly influence the game environment and long-term progression.

user avatarTando Nkube

BIS Calls for Regulatory Frameworks in Growing Tokenized Markets

chest

BIS calls for regulatory frameworks to address risks in the growing tokenized asset market.

user avatarKofi Adjeman

BIS Reports Surge in Tokenized Money Market Funds to 9 Billion

chest

The Bank for International Settlements (BIS) reports a significant rise in tokenized money market funds, reaching 9 billion, raising concerns about potential risks.

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.