• 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

OpenAI's Sam Altman Critiques Anthropic's Super Bowl Ads

chest

OpenAI CEO Sam Altman critiques Anthropic's Super Bowl ads, praising their humor but calling them dishonest, highlighting the rivalry between the two AI companies.

user avatarTenzin Dorje

Anthropic Takes Aim at OpenAI with Super Bowl Ads

chest

Anthropic launches its first Super Bowl ad campaign targeting OpenAI's decision to include ads in ChatGPT, highlighting potential disruptions to user interactions.

user avatarBayarjavkhlan Ganbaatar

Increased Social Media Interest in Ethereum Amid Market Fluctuations

chest

Ethereum is seeing heightened interest on social media due to its price movements and investment strategies.

user avatarElias Mukuru

Leaked Emails Show Bill Gates Foundation Evaluating Ripple's Technology

chest

Leaked emails from the Bill Gates Foundation reveal early assessments of Ripple and Stellar compared to the Mojaloop payment platform.

user avatarMohamed Farouk

Luke Dashjr Demands Adam Back Resign Following Epstein Document Release

chest

Luke Dashjr calls for Adam Back's resignation following Epstein document release linking him to the cryptocurrency industry.

user avatarDiego Alvarez

Shiba Inu Marketing Lead Emphasizes Execution Over Price for Recovery

chest

Lucie, the Shiba Inu marketing lead, emphasizes the importance of execution over price for rebuilding confidence in the Shiba Inu ecosystem.

user avatarKenji Takahashi

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.