Brazil is taking steps to integrate bitcoin into its economy. The National Congress recently presented a new measure aimed at enabling employees to obtain part of their salaries in the encrypted currency.
Luiz Philippe, a former deputy of Orleans Praghanza, has suggested a measure that could prove Brazil as one of the few countries that recognize it. Bitcoin for salary payments.
The proposal allows up to 50 % in Bitcoin
According to this procedure, employees can obtain up to half of their salaries in Bitcoin or others Cross currencies. However, this will only be possible if the employee and the company agree. The remaining amount should be paid with the real Brazilian (R $), thus ensuring that the national currency remains in circulation.
They are excluded from independent and expatriate proposals and workers for their own account; It aims to official employment contracts. The proposal provides a legal framework for anyone who chooses to make Bitcoin payments although it does not require companies to do so.
Brazil to pay wages and workers' rights in $ BTC And other encrypted currency if lpbragancabr It passes through.
rules:
• Companies must provide detailed data
• The employer + employee must agree
• minute. 50 % of the wages in the national currency (except for independents)
• The employee … pic.twitter.com/H1MSJE5PR– Radio Al -Bassat (@RGRADIO) March 14, 2025
The approval process may take some time
This management should go through the Brazilian parliament process before it becomes official. If it is approved by the House of Representatives, the Federal Senate must review it. Once both councils give their gesture, they will be sent to the president for the final evaluation.
As with other related measures, the schedule of this process is not clear. Fears regarding regulations, economics and political discussions may slow down or accelerate the progress of this plan.
The encryption market in Brazil is growing
Brazil has created itself as a leader in adopting the cryptocurrency. Large platforms like Binance Licenses have been granted to work in the country and enjoy the rules of the government -friendly government. The central bank is also working on a digital version of The Real, which shows that they are more interested in digital assets.
By attracting foreign investors and giving workers more payment options, this procedure has the ability to improve the cryptocurrency economy in Brazil. But those who refuse to argue that prices fluctuate and the short acceptance lack would limit the effectiveness of the proposal.
The effects of companies and workers
The plan can allow employees to choose their salaries digitally, which will be a new way to save money. Others can choose to do things in the old way, although this plan may work for some. Companies will have to think if bitcoin accepting as a good idea, given costs and borders.
Distinctive image from the BBC, the tradingView graph
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