June 27, 2022

Brazilian Federal Deputy Proposes Crypto Payment Option for Workers

2 min read

Brazilian Federal Deputy and congressman Luizão Goulart, has proposed a bill to make crypto a legal form of payment for workers in the public and private sector.Brazilian Federal Deputy and congressman Luizão Goulart, has proposed a bill to make crypto a legal form of payment for workers in the public and private sector.

Brazilian Federal Deputy and congressman Luizão Goulart, has actually proposed a costs to make crypto a legal type of payment for employees in the general public and economic sector. Brazilian Federal Deputy Seeking to Legalize Crypto Remunerations Goulart’s proposition is seeking to establish a new law that will permit all Brazilian workers to have an option to request their salaries and incomes from their employers, in cryptocurrencies. However the costs warrants crypto payments to be made just after a shared agreement has been reached between the employees and the company. The translated variation of the bill reads therefore:

“The limits of the percentage of payment (reimbursement) in cryptocurrencies will be of the worker’s free option. Any imposition by the company will be prohibited.”

The expense considers the development of financing– from a barter system to fiat currencies, and after that to Bitcoin (BTC).

Should it be signed into law, the Brazilian federal deputy Goulart’s costs, will develop an agreement between a specific employee and their company for predetermining what percentage of the worker’s reimbursement will be in crypto and fiat.

Goulart also described further on the requirement to create a kind of global economy that will improve the daily lives of residents while also offering a great quality of life for everybody. The expense will be passed into law after 90 days from the date of approval.

On the other hand in an associated news, a Special Committee of Brazil’s Chamber of Deputies just recently approved an expense to punish crypto-based monetary criminal offenses.

The most recent regulatory modifications have seen the previous penalties for cash laundering, increased. For instance, the penalty that used to be one-third of the amount of washed cash has been increased to two-thirds, while the jail term has actually likewise been increased from 10 years to 16 years and 8 months.

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