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Bill Proposes Legalizing Bitcoin Salaries in Brazil
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According to livecoins, the proposal seeks to regulate salary payments in “digital assets”, including Bitcoin and other cryptocurrencies.
Presented by Orleans e Bragança (PL/SP), a descendant of Emperor Dom Pedro II, the bill aims to regulate salaries. It also covers compensation and labor benefits through virtual assets.
Crypto Salaries with Regulations and Worker Protections
The bill is in its early stages. It must pass through the Chamber of Deputies before moving to the Federal Senate for final approval. It proposes that salaries can be partially paid in crypto, but only if both employer and employee agree. At least 50% of wages must still be paid in Brazil’s national currency.
To ensure transparency, the value of crypto payments would be based on official exchange rates. These rates would come from an entity authorized by Brazil’s Central Bank. Employers must also provide detailed payment statements and offer financial education programs to workers choosing this option. These programs would cover market volatility and transaction security.
Brazil to pay wages & labor rights in $BTC & other cryptocurrency if bill by @lpbragancabr passes through.
Rules:
• companies must provide detailed statements
• employer + employee must both agree
• min. 50% of wage in national currency (except freelancers)
• employee may… pic.twitter.com/Eh1mSJe5pr— Rug Radio (@RugRadio) March 14, 2025
The bill prohibits full salary payments in crypto—except for expatriates and freelancers, following Central Bank regulations. The Federal Revenue Service and the CVM (Brazil’s Securities and Exchange Commission) would monitor transactions. Their goal is to prevent fraud and financial scams.
More About Bitcoin Adoption in Salaries
Bhutan’s Prime Minister highlighted how Bitcoin mining has strengthened the country’s economy, funding essential services like free healthcare and environmental initiatives. Most importantly, he revealed that Bitcoin helps pay public servants’ salaries, ensuring stable government operations.
TODAY: Bhutan’s Prime Minister explains how $BTC mining boosts their economy, asking why more governments aren’t following suit.
“We have used #Bitcoin to provide free healthcare, for the environment, but the main use of #Bitcoin is to finance the salary of public servants.” pic.twitter.com/quBI4umCij
— Cointelegraph (@Cointelegraph) March 6, 2025
He questioned why more governments aren’t adopting similar strategies, emphasizing Bitcoin’s potential to support national budgets without relying on debt or inflation.
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March 17, 2025 at 05:58AM
March 17, 2025 at 06:01AM
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