Brazilian parliamentarian proposed cryptocurrencies as a wage payment method for employees
Goulart’s proposal aims for a new law that gives all Brazilian workers the opportunity to demand compensation from crypto employers ( Cryptocurrencies in Brazil ) .
Federal Parliamentarian Luizão Goulart , who represents the Brazilian Parliament, has proposed a bill to legalize cryptocurrency payments as a means of payment to workers in the public and private sectors.
Goulart’s proposal aims for a new law that gives all Brazilian workers the opportunity to demand compensation from crypto employers. However, the bill guarantees that cryptocurrency payments will only be made after the sale of a mutual agreement between the worker and the employer.
Cryptocurrencies in Brazil
Based on the translated version of the bill:
“Employees are free to choose the limit on the percentage of cryptocurrency payments (compensation). Any employer’s imposition is prohibited.”
Bill sets the statutory currency. It emphasizes the development of the financial sector from the exchange system through the exchange system to Bitcoin (BTC) and focuses on the aspect of decentralization, that is, “dependence on one person or a central unit”.
When the Goulart Bill goes into effect, a consensus will be established between workers and employers, and the wage rates for cryptocurrencies and fiat money will be pre-determined.
Goulart says: “Above all, this proposal helps solve the cash problem of federal, state and local governments by offering payment options and at the same time promoting a huge market economy. While Goulart was applying for approval, the proposal called for the need to build a “global economy that eases the daily lives of citizens and provides a quality life for all.” The bill will come into effect 90 days from the date of approval.
Brazil’s Federal House of Representatives Special Committee recently passed a bill punishing crypto-related financial crimes.
Recent legislative changes have increased the minimum imprisonment for crimes similar to penalties for money laundering. As Cointelegraph reported, imprisonment increased from one-third to two-thirds of money-laundered money, and imprisonment increased from 10 years to 16 years and 8 months.
“There is no place for people to turn around because there are no regulations. In Brazil, the market continues to develop and adapt. No more lucrative people will use technology to deceive millions of Brazilians. “Federal parliamentarian Aureo Ribeiro said.