Brazilian federal deputy proposed a bill to legalize crypto payments for workers

Federal Deputy Luizão Goulart, a Brazilian congressman, proposed a bill to legalize crypto payments as a mode of payment for public and private sector workers.

Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies. However, the bill warrants crypto payments to be made only after selling a mutual agreement between the workers and the employer. According to the translated version of the bill:

“The limits of the percentage of payment (remuneration) in cryptocurrencies will be of the worker’s free choice. Any imposition by the employer will be prohibited.”

The bill highlights the evolution of finance — from a barter system and fiat currencies to Bitcoin — focusing on the decentralization aspect which removes the reliance on “a single person or a central entity.”

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