Getting paid in Bitcoin? It might soon be possible in Brazil - The Bitcoin News

Image by KIBrazil is taking a major step toward the future of work and crypto. A new bill, introduced by Representative Luiz Philippe de Orleans e Bragança, could allow workers to receive part of their salary in Bitcoin (BTC) or other digital currencies.

Brazil aims to become a leader in the digital economy

This proposal fits perfectly with the global shift toward financial innovation. If passed, the bill could enable Brazil to become a leading player in the digital economy.

According to politician De Orleans e Bragança, this bill could take Brazil to a new level, bringing it in line with countries like Portugal, Japan, and Switzerland, where salary payments in crypto are already possible. Furthermore, it would open the door to new financial companies and innovations, which would not only boost the economy but also strengthen Brazil’s position in the world.

Up to 50% of salary in Bitcoin

A full crypto salary is not planned. The bill offers employees and employers the option of paying up to 50% of their salary in Bitcoin, provided both parties agree. However, the remaining half must be paid in the national currency, the Brazilian real.

To ensure everything runs smoothly and securely, digital assets must be certified by an authority recognized by the central bank. Furthermore, companies are required to provide their employees with comprehensive information about market fluctuations and transaction security. This is intended to prevent people from entering the crypto world unprepared and help them make informed decisions about how they want to receive their salary.

Next Steps

Although this bill represents an exciting development, it is still in the early stages of the legislative process. First, the House of Representatives must give its green light before the Senate can consider it. Whether it ultimately becomes law depends on political support.