Brazilian Lawmaker Proposes Bill to Regulate Cryptocurrency Salary Payments

Brazilian Federal deputy Luiz Philippe de Orleans e Bragança proposes bill PL 957/2025 to allow employers to pay salaries in cryptocurrencies like Bitcoin, capping crypto payments at 50%. Full payments in crypto are permitted for independent contractors, and all transactions must comply with Central Bank regulations.

Brazilian lawmakers are deliberating over a proposed bill aimed at formalizing cryptocurrency payments for employees. Federal deputy Luiz Philippe de Orleans e Bragança has introduced legislation to regulate such payments, permitting employers to compensate employees partially or fully in cryptocurrencies, including Bitcoin. This initiative aligns with the growing trend of digital currency acceptance in the workforce.

Filed on March 12, the bill PL 957/2025 legalizes the option for employees to receive up to 50% of their salary in cryptocurrencies, while mandating that the remainder be paid in the national currency, the Brazilian real. The legislation aims to clarify the regulatory framework surrounding crypto salaries, thereby enhancing transparency in cryptocurrency transactions within the labor market.

According to the proposed guidelines, exclusively paying wages in digital assets is prohibited, except for special cases involving expatriates or foreign workers, as determined by the Central Bank of Brazil regulations. The law also stipulates that independent contractors can receive full payment in cryptocurrency, as long as specific contractual stipulations are adhered to.

Any conversion of cryptocurrency payments must utilize the exchange rate set by an institution recognized by the Central Bank of Brazil, ensuring fairness and adherence to market standards. This legislative development highlights the Brazilian government’s approach toward integrating cryptocurrencies into the formal economy.

As this is a developing situation, further updates regarding the progress and implications of the bill will be provided as information becomes available.

The introduction of bill PL 957/2025 represents a significant shift towards the acceptance of cryptocurrencies in payroll systems by Brazilian lawmakers. By allowing partial salary payments in Bitcoin while ensuring compliance with existing regulations, this legislation aims to strike a balance between innovation and legal constraints. Moving forward, close attention will be necessary to understand the full impact of these changes on the employment landscape in Brazil.

Original Source: cointelegraph.com