The deputy from Paraná, Luizão Goulart, affiliated to the Republicans party, presented today (11/05) a bill that establishes that part of the worker's remuneration may, optionally, be paid through cryptocurrencies.
The project proposes that both private sector workers and public servants can receive their salary in bitcoin or other cryptocurrencies.
The method of payment must be established by mutual agreement between the worker and the employer, and the limits on the percentage of payment in cryptocurrencies will be freely chosen by the worker, “any imposition by the employer is prohibited”.
If approved, the law enters into force 90 days after its publication.
Project says cryptocurrencies solve government cash problem
The project claims that the proposal is in line with the digitalization that is already taking place in the global financial market.
“The financial system itself has modernized with the emergence of the internet. As a result, money was also represented by digits on a computer screen. Banks have internet banking systems, which allow people to make global payments and transactions without having to leave their home.” – states the project
But, according to Luizão, the most important part of the project is to collaborate in “resolving the cash problem of the Federal, State and Municipal Governments, providing alternatives in the form of payment for public servants”.
The deputy suggests that the insertion of cryptocurrencies in the Brazilian economy will help move it and make it more modern.
It is worth remembering that the government of El Salvador, the first to adopt bitcoin as its official currency, has already made more than 20% in dollars by buying 400 bitcoins on September 6, 2022. The inhabitants of the small Central American country are also benefiting bank disintermediation, which was responsible for fees in excess of 15% in international transfers.
Deputy Luizão supports the digital real
It's not the first time the Republican deputy has talked about digital coins. He is still awaiting the digitization of the Brazilian currency in the form of CBDC and in July of last year he even filed a request for information on the progress of this process.
At the time, Goulart defended agility in the process of adopting digital means of payments to avoid physical contact between people and, therefore, reduce the contagion of covid-19.
Perhaps your recent proposal will help Brazil move from a weak and declining currency like the real, which has already lost 86% of its purchasing power since its creation, to a more stable monetary system based on a strong currency like bitcoin .
Check out the full project at the link below:
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The content Deputy proposes that workers can receive wages in Bitcoin first appeared in Cointimes .