• 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

States Like New Hampshire and Arizona Explore Bitcoin Reserve Plans

chest

States like New Hampshire and Arizona are exploring their own Bitcoin reserve plans as Texas leads the way.

user avatarRajesh Kumar

OORT Burn Update: 15M OORT Removed from Circulation

chest

OORT has announced that a total of 15 million OORT tokens have been permanently removed from circulation, bringing the total burn to 1.735 billion OORT to date.

user avatarFilippo Romano

DeAICon in Latin America: Driving Growth and Partnerships

chest

OORT recently hosted DeAICon, the first decentralized AI conference in Latin America, attracting over 400 registrations and providing valuable networking opportunities.

user avatarLucas Weissmann

Dr. Li Joins Chile's National AI Research Review Committee

chest

Dr. Li was invited to join Chile's National AI Research Review Committee to support AI research frameworks and national strategies.

user avatarKaterina Papadopoulou

OORT Partners with the United Nations for Global Expansion

chest

OORT has strengthened its partnership with the United Nations to enhance global outreach.

user avatarEmily Carter

Launchpad: A New Feature for Democratizing Data Collection

chest

Launchpad is a new feature that democratizes data collection by allowing users to create tasks and reward contributors with tokens on the BNB Chain.

user avatarMaya Lundqvist

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.