Brazilian lawmakers are currently exploring the possibility of a new bill that would give formal approval for employers to remunerate their employees with cryptocurrencies like Bitcoin.
Federal Deputy Luiz Philippe de Orleans e Bragança has brought forward a bill that suggests the regulation of cryptocurrency payments for wages, compensations, and other work-related benefits.
Established on March 12, the bill known as PL 957/2025, supports voluntary and partial payments of salaries in cryptocurrencies such as Bitcoin (BTC), while also necessitating that a portion of the salary be paid in the national currency, the Brazilian real.
Orleans-Braganza, a lineage of Brazil’s former royal family, is currently on his second term as a federal deputy for Sao Paolo and is recognized for his support to Truth Social, a social media initiative owned by former US President Donald Trump.
In Orleans-Braganza’s proposed bill, he calls on lawmakers to prevent employers from paying full salaries in crypto, setting a limit of 50% for such payments.
The bill states, “The payment of salaries exclusively in virtual assets is prohibited,” with the exception for cases involving expatriate employees or foreign workers, as per regulations set by the Central Bank of Brazil.
The bill also permits complete crypto payments by “independent service providers,” given certain contractual conditions.
Otherwise, the portion of the salary paid in the Brazilian real should not be less than 50% of the total salary payout. The conversion of the amount paid in crypto should correspond with the exchange rate officially set by an institution authorized by the Central Bank of Brazil.
This is an ongoing story and more details will be provided as they emerge.
