Brazilian Lawmaker Proposes Bill to Regulate Bitcoin Salaries

Brazilian lawmakers are considering a bill by Deputy Luiz Philippe de Orleans e Bragança to regulate cryptocurrency salary payments. It allows up to 50% of salaries in Bitcoin but mandates that part of the pay must be in Brazilian real. The law enables full crypto payments for independent contractors under specified agreements.

Brazilian lawmakers are deliberating on new legislation that would grant employers the authority to pay employee salaries using cryptocurrencies, including Bitcoin. Federal Deputy Luiz Philippe de Orleans e Bragança has introduced the bill, which aims to regulate crypto payments for wages and other labor benefits.

Filed on March 12, the proposed law, known as PL 957/2025, enables voluntary and partial salary payments in cryptocurrencies like Bitcoin, while also mandating that part of the remuneration be disbursed in Brazilian real. Orleans-Braganza serves as a federal deputy representing São Paulo and has a notable lineage as a descendant of Brazil’s former royal family.

The legislation stipulates that Bitcoin payments can only constitute up to 50% of an employee’s total salary payout. “The payment of salaries exclusively in virtual assets is prohibited,” except for certain scenarios involving expatriates or foreign workers, as per regulations set by the Central Bank of Brazil. Additionally, independent service providers may receive full payments in crypto, contingent upon specific contractual terms.

For the payments made in cryptocurrency, the conversion must adhere to the exchange rate recognized by an institution approved by the Central Bank of Brazil, ensuring a standard procedure for such transactions. As this situation evolves, further updates will be provided as new information arises.

The introduction of the bill by Federal Deputy Luiz Philippe de Orleans e Bragança marks a significant step in formalizing cryptocurrency payments in Brazil. By limiting crypto salary payments to 50% and requiring a portion of wages to be in Brazilian real, the legislation aims to balance innovation in payment methods with financial regulations. The bill further allows full cryptocurrency compensation for independent service providers, highlighting the evolving landscape of employment remuneration.

Original Source: cointelegraph.com