Philippe) has introduced a bill to regulate the payment of wages, remuneration and work-related benefits in crypto assets.
"No. 957/2025" will legalize the voluntary payment of wages in cryptocurrencies such as Bitcoin, while restricting certain
The bill also requires that the remaining 100% of salary must be paid in Brazilian real. Senator Filipe, who sponsored the bill, said that employees cannot receive 100% of their salary in cryptocurrency.
According to the bill, it is prohibited to pay salaries exclusively in crypto assets. However, due to regulations by the Central Bank of Brazil, expatriates and foreign nationals can still receive their salaries in crypto assets.
Exceptions may be made for workers only. Independent service providers such as independent contractors and freelancers may be able to receive their salary entirely in crypto assets under certain contractual terms.
However, for a typical worker, at least 50% of the total salary must be paid in Brazilian reals. Also, the amount paid in cryptocurrency is limited to 10,000,000 Brazilian reals.
The exchange rate must be determined by an institution approved by the bank. Senator Filipe said, "If we introduce cryptocurrency salary payment in Brazil, it will stimulate the fintech industry,
"This bill will increase cryptocurrency investment and contribute to economic growth," and "allows workers and employers to more freely determine contractual relationships.
2025/03/18 11:09 KST
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