Brazilian lawmaker, Luiz Philippe de Orleans e Bragança, has recently introduced a bill that could potentially revolutionize the way employees are paid in Brazil. The bill, known as PL 957/2025, proposes the regulation of cryptocurrency payments for wages, remunerations, and labor benefits.

Under this new legislation, employers would be authorized to pay their employees using cryptocurrencies such as Bitcoin. This move could potentially open up a whole new world of possibilities for both employers and employees in Brazil.

The bill, which was filed on March 12, would allow for voluntary and partial salary payments in cryptocurrencies, with the remaining portion being paid in the national currency, the Brazilian real. This means that employees would have the option to receive a portion of their salary in Bitcoin, while still receiving the majority of their pay in the traditional currency.

However, the bill does have some limitations. It prohibits employees from receiving their full salary in crypto, capping such payments at 50%. This is to ensure that employees are still receiving a significant portion of their pay in the national currency.

The bill also includes provisions for expatriate employees and foreign workers, allowing them to receive their full salary in crypto. Additionally, independent service providers would also have the option to receive their full payment in cryptocurrency, as long as certain contractual provisions are met.

The conversion of the crypto payments into the Brazilian real would be based on the exchange rate officially established by an institution authorized by the Central Bank of Brazil. This ensures that employees are receiving fair and accurate compensation for their work.

This proposed legislation has the potential to greatly benefit both employers and employees in Brazil. It would provide more flexibility and options for payment, while also promoting the use and adoption of cryptocurrencies in the country.

Luiz Philippe de Orleans e Bragança, a descendant of Brazil’s former royal family, is serving his second term as a federal deputy for São Paulo. He has also shown support for Truth Social, the social media platform owned by US President Donald Trump.

This is an exciting development in the world of cryptocurrency and we will continue to monitor the progress of this bill. Stay tuned for further updates on this developing story.