{"id":125221,"date":"2025-03-17T11:15:42","date_gmt":"2025-03-17T11:15:42","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125221"},"modified":"2025-03-17T11:15:42","modified_gmt":"2025-03-17T11:15:42","slug":"brazilian-lawmaker-introduces-bill-to-regulate-bitcoin-salaries","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125221","title":{"rendered":"Brazilian lawmaker introduces bill to regulate Bitcoin salaries"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBrazilian lawmakers are considering new legislation that would officially authorize employers to pay salaries to employees using cryptocurrencies like Bitcoin.<br \/>\nFederal deputy Luiz Philippe de Orleans e Bragan\u00e7a has introduced a bill proposing regulation of crypto payments for wages, remunerations and labor benefits.<br \/>\nFiled\u00a0on March 12, the bill PL 957\/2025 legalizes voluntary and partial salary payments in cryptocurrencies like Bitcoin (BTC) while also requiring employers to proceed with a part of the pay in the national currency, the Brazilian real.<br \/>\nPreview of the draft bill PL 957\/2025 by Luiz Philippe de Orleans e Bragan\u00e7a. Source: Camara.leg.brOrleans-Braganza, a descendant of Brazil\u2019s former royal family, is serving his second term as a federal deputy for S\u00e3o Paulo and supports Truth Social, the social media platform owned by US President Donald Trump.<br \/>\nBitcoin may only account for 50% of a salary payout<br \/>\nIn the proposed legislation, Orleans-Braganza asked lawmakers to prohibit employees from paying full salaries in crypto, capping such payments at 50%.<br \/>\n\u201cThe payment of salaries exclusively in virtual assets is prohibited,\u201d except for cases involving expatriate employees or foreign workers, under the terms of regulations by the Central Bank of Brazil.<br \/>\nAn excerpt from the proposed bill PL 957\/2025. Source: Camara.leg.brThe bill also allows full crypto payments by \u201cindependent service providers,\u201d subject to certain contractual provisions.<br \/>\nOtherwise, the share of the payment in the Brazilian real may not be less than 50% of the employee\u2019s total salary payout.\u00a0<br \/>\nThe conversion of the amount paid into crypto must follow the exchange rate officially established by an institution authorized by the Central Bank of Brazil.<br \/>\nThis is a developing story, and further information will be added as it becomes available.<br \/>\nMagazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler\u2019s Digest, March 9 \u2013 15<a href=\"https:\/\/cointelegraph.com\/news\/brazil-bill-bitcoin-salary-regulation?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBrazilian lawmakers are considering new legislation that would officially authorize employers to pay salaries to employees using cryptocurrencies like Bitcoin. Federal deputy Luiz Philippe de Orleans e Bragan\u00e7a&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125221"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125221"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125221\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125221"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}