• 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

Ledger Discloses MediaTek Vulnerability Affecting Crypto Wallets

chest

Ledger's Donjon security research team disclosed a vulnerability in MediaTek-powered Android smartphones that could allow attackers to extract sensitive information from crypto wallets.

user avatarFilippo Romano

MediaTek Vulnerability Exposes User Data on Android Smartphones

chest

A vulnerability in MediaTek processors allows attackers to extract encrypted user data from certain Android smartphones in under a minute.

user avatarLucas Weissmann

SEC Settles Case Against Crypto Entrepreneur Justin Sun

chest

The SEC has announced a settlement with crypto entrepreneur Justin Sun, requiring him to pay $10 million for violating securities laws.

user avatarEmily Carter

Solana Gains Ground in Stablecoin Transactions

chest

Solana has increased its stablecoin transaction volume, surpassing Ethereum last month with $66.064 billion compared to Ethereum's $54.882 billion.

user avatarTomas Novak

Solana Surpasses Ethereum in RWA Holders

chest

Solana has surpassed Ethereum in the number of real-world asset holders, reaching 157,112 compared to Ethereum's 153,592.

user avatarKaterina Papadopoulou

Political Landscape for Crypto Legislation Grows More Complex

chest

The political environment surrounding crypto legislation is becoming increasingly complicated, with banks leveraging their influence against digital asset firms.

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.