Brazilian Politician Proposes Bill to Offer Government Workers Payments In Bitcoin

November 6, 2021 | By | Reply | 24 Readers More

Cryptocurrencies are continuing to gain traction as a payment option by businesses and governments alike. Recently, Deputy Luizão Goulart of Brazil proposed a bill to allow public and private sector workers to be paid in bitcoin. If passed, this would be the biggest national move to support digital asset adoption since El Salvador’s legal tender law.

What’s in the Bill?

The bold bill – proposed earlier this week – comes amidst an ongoing regulatory debate in Brazil surrounding Bitcoin. The first lines of the bill state that workers may be partially and optionally compensated for their work in crypto.

“This Law establishes that part of the remuneration of the worker can, optionally, be made through cryptocurrencies.”

Notably, this bill emphasizes the optional nature of the proposal, in contrast to El Salvador’s approach. Nayib Bukele’s Bitcoin law drew…

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