Brazilian Federal Deputy Luiz Philippe de Orleans e Bragança has proposed bill PL 957/2025 that allows employers to pay wages in Bitcoin, capped at 50%. The bill mandates that at least half of salaries must be paid in Brazilian real, while full crypto payments are permitted for independent contractors. This legislation aims to introduce a regulated framework for cryptocurrency payments in Brazil.
Brazilian legislators are evaluating a new bill that seeks to establish a legal framework for employers to pay employee salaries in cryptocurrencies, specifically Bitcoin. Introduced by Federal Deputy Luiz Philippe de Orleans e Bragança on March 12, the proposal, designated as PL 957/2025, aims to permit voluntary and partial salary payments in cryptocurrencies while mandating that a portion be dispensed in the national currency, the Brazilian real.
The bill stipulates that payments in Bitcoin can constitute a maximum of 50% of an employee’s total salary. Orleans-Bragança emphasized that the exclusive payment of salaries in cryptocurrencies is not permitted under the proposed regulations, with exceptions for expatriates and foreign employees as defined by the Central Bank of Brazil’s guidelines.
Additionally, the legislation allows independent service providers to receive the entire amount of their compensation in cryptocurrency, provided that such arrangements comply with specific contract terms. It is also required that conversions into cryptocurrency follow the official exchange rates set by an institution sanctioned by the Central Bank of Brazil.
This legislative initiative is ongoing, and updates will be provided as new information arises regarding its progression.
In conclusion, the introduction of the bill PL 957/2025 by Federal Deputy Luiz Philippe de Orleans e Bragança represents a significant step towards the integration of cryptocurrency into salary payments in Brazil. While allowing for partial salary payments in Bitcoin, the legislation enforces a cap on crypto compensation to ensure that at least 50% of wages are issued in the national currency. This proposal reflects the evolving landscape of employment and compensation mechanisms in response to the growing prominence of cryptocurrencies.
Original Source: cointelegraph.com
