A new bill being considered in Brazil may allow businesses to pay a portion of salaries in cryptocurrencies like Bitcoin. However, it includes specific conditions.
Why Brazil Wants Bitcoin Salaries
Luiz Philippe de Orleans e Bragança, a federal deputy, introduced a bill to regulate the use of cryptocurrency for paying salaries. Bill PL 957/2025 legalizes voluntary partial salary payments in cryptocurrencies. Brazil strongly supports digital money and blockchain, and lawmakers believe such changes will help boost earnings, reduce fees, and stabilize prices.
Conditions for Bitcoin Payments
The proposed legislation caps Bitcoin salary payments at 50%. The Central Bank of Brazil has set rules preventing full salary payments in virtual assets, except for foreign employees. The bill also lets independent service providers accept full crypto payments, provided they adhere to specific contractual terms.
Implications of the Bill
If passed, Brazil will become a major player in the Latin American market. Experts believe this may attract investors and professionals, fostering the growth of the digital economy. However, clear regulations are needed to avoid tax and legal disputes.
The cryptocurrency salary bill could mark a significant step towards integrating digital currencies into everyday life. Successful implementation could serve as a model for other countries.
