Brazil’s New Bill Could Bring Crypto Paychecks—With Limits

Under the proposed framework, businesses would have the option to pay up to half of an employee’s salary in cryptocurrency, with the rest required to be in fiat. Full payments in digital assets would only be permitted for independent contractors, following regulations set by the Central Bank of Brazil.

To ensure proper valuation, any crypto-based portion of a salary would be converted using an official exchange rate determined by a regulated financial institution.

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Orleans e Bragança argues that introducing crypto salaries could boost Brazil’s fintech industry by attracting investment and expanding economic opportunities. He also highlights that giving both employers and workers more flexibility in structuring payments reinforces the principle of individual choice in financial agreements.

The proposal takes inspiration from similar policies in other countries, including Japan, Portugal, and Switzerland, where regulations have encouraged crypto adoption.

Orleans e Bragança points out that Japan, for example, requires clear agreements between employees and employers on cryptocurrency payments, while Portugal has encouraged broader adoption through regulatory flexibility.

By capping crypto payments at 50%, the proposal aims to balance financial stability with the growing use of digital assets.

Meanwhile, Senator Cynthia Lummis has reintroduced the BITCOIN Act, which initially proposed that the government acquire 200,000 Bitcoin per year for five years. What does the latest version of the bill include? Read the full story.