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    Home»Bitcoin»Brazilian lawmaker introduces invoice to control Bitcoin salaries
    Brazilian lawmaker introduces invoice to control Bitcoin salaries
    Bitcoin

    Brazilian lawmaker introduces invoice to control Bitcoin salaries

    By Crypto EditorMarch 17, 2025No Comments2 Mins Read
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    Brazilian lawmakers are contemplating new laws that might formally authorize employers to pay salaries to staff utilizing cryptocurrencies like Bitcoin.

    Federal deputy Luiz Philippe de Orleans e Bragança has launched a invoice proposing regulation of crypto funds for wages, remunerations and labor advantages.

    Filed on March 12, the invoice PL 957/2025 legalizes voluntary and partial wage funds in cryptocurrencies like Bitcoin (BTC) whereas additionally requiring employers to proceed with part of the pay within the nationwide forex, the Brazilian actual.

    Brazilian lawmaker introduces invoice to control Bitcoin salaries

    Preview of the draft invoice PL 957/2025 by Luiz Philippe de Orleans e Bragança. Supply: Camara.leg.br

    Orleans-Braganza, a descendant of Brazil’s former royal household, is serving his second time period as a federal deputy for São Paulo and helps Fact Social, the social media platform owned by US President Donald Trump.

    Bitcoin could solely account for 50% of a wage payout

    Within the proposed laws, Orleans-Braganza requested lawmakers to ban staff from paying full salaries in crypto, capping such funds at 50%.

    “The fee of salaries completely in digital belongings is prohibited,” apart from instances involving expatriate staff or overseas staff, beneath the phrases of laws by the Central Financial institution of Brazil.

    An excerpt from the proposed invoice PL 957/2025. Supply: Camara.leg.br

    The invoice additionally permits full crypto funds by “unbiased service suppliers,” topic to sure contractual provisions.

    In any other case, the share of the fee within the Brazilian actual might not be lower than 50% of the worker’s complete wage payout. 

    The conversion of the quantity paid into crypto should observe the change price formally established by an establishment approved by the Central Financial institution of Brazil.

    This can be a creating story, and additional data shall be added because it turns into accessible.

    Journal: ETH could backside at $1.6K, SEC delays a number of crypto ETFs, and extra: Hodler’s Digest, March 9 – 15