Brazil Considers Bill to Allow Pay in Bitcoin and Virtual Assets
A new bill being introduced in Brazil could pave the way for salaries and other work-related payments to be made in Bitcoin and other virtual assets. If passed, this would represent a significant change in the way Brazilian workers are compensated, while also boosting the adoption of cryptocurrencies in everyday life.
Bill to Allow Pay in Bitcoin
In March 2025, Brazilian lawmakers introduced a new bill that aims to allow salaries and work-related payments to be made in virtual assets, such as Bitcoin. According to the bill, payments in cryptocurrency would not completely replace cash, but would be made according to an agreement between the employee and the employer. This means that a portion of the salary could be paid in cryptocurrency, while the remainder could still be received in fiat currency (BRL).
Increasing awareness of volatility and security
The bill also emphasizes the need to educate workers about the volatility of the cryptocurrency market and the potential risks associated with trading in virtual assets. Providing workers with adequate information about the safety and security of using these assets is one of the main priorities of the bill.
Expanding Cryptocurrency Acceptance in Brazil
If passed, Brazil will join countries such as El Salvador that have accepted Bitcoin as an official means of payment. This will boost the development of the domestic cryptocurrency market, encouraging more businesses and consumers to adopt decentralized financial solutions.
Paying salaries in cryptocurrency could also help workers avoid problems related to inflation and devaluation of fiat currencies, given the volatility of the Brazilian economy.
Potential Impact on Laws and Labor Markets
The bill not only has major implications for the cryptocurrency industry, but could also change labor laws and tax regulations in Brazil. Authorities will need to consider how to handle salaries and taxes when they are paid in cryptocurrency, especially when the value of these assets fluctuates frequently.
While there is still much debate surrounding the feasibility of the bill, its introduction demonstrates Brazil’s growing interest in cryptocurrency and blockchain, and the country’s leadership in adopting new financial technologies.