Brazilian lawmakers are considering a bill to allow employers to pay salaries in cryptocurrencies like Bitcoin, introduced by Deputy Luiz Philippe de Orleans e Bragança. The bill mandates that 50% of salaries must be paid in Brazilian real and prohibits full salary payments in crypto, except for certain circumstances. Compliance with Central Bank regulations is required for conversion rates.

Brazilian lawmakers are deliberating on new legislation aimed at permitting employers to compensate workers with cryptocurrencies such as Bitcoin. The proposal, introduced by Federal Deputy Luiz Philippe de Orleans e Bragança, seeks to regulate crypto payments for wages, bonuses, and labor benefits. The bill, filed on March 12, 2025, legalizes voluntary partial salary payments in cryptocurrencies while mandating that a portion is to be paid in Brazilian real.

The legislation specifies that Bitcoin may not constitute more than 50% of an employee’s salary. Orleans-Braganza emphasized that full salary payments in virtual assets are expressly prohibited, except for expatriates or foreign workers, as dictated by Central Bank regulations. Additionally, independent service providers may receive their full remuneration in crypto only under specific contractual arrangements.

For compliance, employers must ensure that the portion of the salary paid in Brazilian real is at least 50% of the total payout. The exchange rate utilized for payable amounts in cryptocurrency must adhere to the official rates set by an authorized institution of the Central Bank of Brazil. Further details on this topic will be communicated as developments occur.

The proposed bill PL 957/2025 represents a significant shift in Brazilian employment law, allowing for a regulated use of cryptocurrencies in salary payments. The legislation maintains a balance by capping crypto compensation at 50% and ensuring that a substantial portion of salaries is paid in the national currency. This initiative reflects the growing recognition of cryptocurrencies in the financial landscape while emphasizing regulatory oversight.

Original Source: cointelegraph.com

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