A former federal congressman from Sao Paulo, Brazil, has submitted a bill to the Brazilian Congress seeking to legalize Bitcoin salary payments

Odaily Planet Daily News: Luiz Phillipe of Orleans-Braganza, a former federal congressman in Sao Paulo, Brazil, has submitted a bill to the Brazilian Congress seeking to legalize Bitcoin salary payments. The politician proposed legislation to allow workers in Brazil to receive wages and labor rights in the form of cryptocurrency. The bill aims to allow workers to receive up to 50% of their wages and benefits in the form of digital assets. It is worth noting that the bill does not require the acceptance of Bitcoin, but provides a legal basis for residents who want to access emerging technologies. With the consent of the employer, employees can choose to obtain labor rights in the form of Bitcoin and can terminate this payment method at any time. The bill also stipulates that 50% of the salary must still be paid in Brazilian reals to ensure the practicality of the currency. However, this provision does not apply to freelancers, foreigners and self-employed persons, and related matters are regulated by the Brazilian Central Bank. The proposal must be passed by the plenary session of the House of Representatives and a majority vote before it can enter the Federal Senate for final deliberation.