17.03.2025 16:10
A new bill in Brazil allows employers to pay employees a portion of their salaries in cryptocurrencies like Bitcoin. The proposed legislation limits cryptocurrency payments to 50%, while mandating that at least 50% of the salary be paid in the legal currency, the real. This move is seen as a significant development for the official use of cryptocurrencies on a global scale.
Brazilian lawmakers are officially considering a new law that will authorize employers to pay salaries in cryptocurrencies like Bitcoin (BTC). The bill, presented on March 12, aims to create a legal framework regulating cryptocurrency payments. The proposal legalizes voluntary cryptocurrency salary payments while requiring the use of exchange rates set by the Central Bank of Brazil.
A 50% Limit on Salary Payments in Bitcoin and Cryptocurrency is Coming
Deputy Luiz Philippe Orleans-Braganza has taken a revolutionary step regarding salary payments in cryptocurrency in Brazil. The proposed bill paves the way for employee salaries to be paid in cryptocurrencies.
Orleans-Braganza, a descendant of Brazil's former royal family, is also known for supporting Truth Social, owned by U.S. President Donald Trump. The proposal suggested by the deputy prohibits employers from paying the full salary in cryptocurrency. According to the bill, exceptions are made only for workers employed abroad or foreign workers.
The bill allows independent service providers to receive their entire fees in cryptocurrency under certain contract conditions. However, it requires that at least 50% of salaries for regular employees be paid in Brazilian reais. The official exchange rates determined by institutions authorized by the Central Bank of Brazil will be used for converting the amounts to be paid in cryptocurrency.
This development is seen as an important step in the integration of cryptocurrencies into daily economic life. This proposal, which opens a new door for the global cryptocurrency ecosystem, could serve as an example for other countries. With this move, Brazil is becoming a pioneer in cryptocurrency regulations in Latin America.