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

Odaily reports that former Brazilian federal deputy Luiz Phillipe of Orleans-Braganza has submitted a bill to the Brazilian Congress seeking to legalize the payment of Bitcoin salaries. The politician has proposed legislation to allow Brazilian workers to receive their 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 digital assets. It is noteworthy that the bill does not mandate the acceptance of Bitcoin, but rather provides a legal basis for residents who wish to engage with emerging technology. With the employer's consent, employees can choose to receive their labor rights in 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 reais to ensure currency utility. However, this provision does not apply to freelancers, foreigners, and self-employed individuals, which are regulated by the Central Bank of Brazil. The proposal needs to be approved by the plenary of the Chamber of Deputies and a majority vote before it can be sent to the Federal Senate for final deliberation.