• 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

10 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

Benchmark Warns of Risks to US Crypto Valuations

chest

Benchmark warns that failure to pass a comprehensive crypto market structure bill could limit US crypto valuations.

user avatarTando Nkube

WhiteBIT Contributes $11 Million to Ukrainian Military Efforts

chest

WhiteBIT has contributed $11 million to support Ukrainian military efforts, including funding for drones.

user avatarNguyen Van Long

Russia Bans WhiteBIT Exchange Over Military Support to Ukraine

chest

Russian authorities have banned the cryptocurrency exchange WhiteBIT, labeling it as an Undesirable Organization due to its financial support for Ukrainian military forces.

user avatarKofi Adjeman

BNB Price Shows Signs of Recovery at Fibonacci Support

chest

BNB shows signs of recovery at the 0.618 Fibonacci retracement level, indicating potential for a relief bounce.

user avatarJesper Sørensen

Bitcoin Hyper Raises $31 Million in Presale

chest

Bitcoin Hyper, a Layer 2 solution, has successfully raised over $31 million in its presale, highlighting interest in blockchain projects with practical utility.

user avatarSatoshi Nakamura

Safety Guidelines for Using Claude Apps and Cowork

chest

Anthropic has released safety guidelines for using Claude apps and Cowork, emphasizing the importance of responsible use of powerful AI systems.

user avatarRajesh Kumar

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.