• 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

Robert Dunlap Sentenced to 23 Years for Cryptocurrency Fraud

chest

Robert Dunlap has been sentenced to 276 months in federal prison for orchestrating a $20 million cryptocurrency fraud scheme involving the Meta 1 Coin.

user avatarAyman Ben Youssef

Dunlap's Lavish Lifestyle Funded by Fraudulent Scheme

chest

Dunlap funded a lavish lifestyle through a fraudulent scheme, spending $215,000 on a Ferrari and other luxury items while deceiving investors.

user avatarZainab Kamara

Dunlap's Fraud Involved Fake Art and Gold Claims

chest

Dunlap falsely claimed that his Meta 1 Coin was backed by a $1 billion art collection and $2 billion in gold, deceiving investors.

user avatarSon Min-ho

Senator Blumenthal Increases Examination of Binance Regarding Iran Transactions.

chest

Senator Blumenthal is intensifying his investigation into Binance regarding its transactions related to Iran, focusing on compliance with US and international sanctions.

user avatarTando Nkube

Family Challenges Suicide Ruling in Ashly Robinson's Death

chest

The family of Ashly Robinson is contesting the Tanzanian police's ruling of suicide following her death in Zanzibar.

user avatarNguyen Van Long

Joe McCann's Passport Held by Police Amid Investigation into Fiancée's Death

chest

Joe McCann, founder of the crypto hedge fund Asymmetric, is under investigation by Tanzanian police after the death of his fiancée, Ashly Robinson, who was found unresponsive in her hotel room. Authorities ruled her death a suicide but are holding McCann's passport pending autopsy results.

user avatarKofi Adjeman

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.