{"id":363495,"date":"2021-11-07T09:34:45","date_gmt":"2021-11-07T06:34:45","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/brazilian-federal-deputy-proposes-crypto-payment-option-for-workers\/"},"modified":"2021-11-07T09:34:45","modified_gmt":"2021-11-07T06:34:45","slug":"brazilian-federal-deputy-proposes-crypto-payment-option-for-workers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/brazilian-federal-deputy-proposes-crypto-payment-option-for-workers\/","title":{"rendered":"# Brazilian federal deputy proposes crypto payment option for workers"},"content":{"rendered":"

“# Brazilian federal deputy proposes crypto payment option for workers <\/strong>”
\n<\/p>\n

Federal Deputy Luiz\u00e3o Goulart, a Brazilian congressman, proposed a bill to legalize crypto payments as a mode of payment for public and private sector workers.<\/p>\n

Goulart\u2019s proposal<\/a> seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies. However, the bill warrants crypto payments to be made only after selling a mutual agreement between the workers and the employer. According to the translated version of the bill:<\/p>\n

\u201cThe limits of the percentage of payment (remuneration) in cryptocurrencies will be of the worker\u2019s free choice. Any imposition by the employer will be prohibited.\u201d<\/p><\/blockquote>\n

The bill highlights the evolution of finance \u2014 from a barter system to fiat currencies to Bitcoin (BTC) \u2014 focusing on the decentralization aspect, which removes the reliance on \u201ca single person or a central entity.\u201d<\/p>\n

If signed into law, Goulart\u2019s bill will establish a consensus between the workers and the employers for predetermining the percentages of remuneration in crypto and fiat. According to Goulart:<\/p>\n

\u201cMost importantly, the proposal will help collaborate in the resolution of the \u201ccash\u201d problem of the Federal, State and Municipal governments by offering payment alternatives, and at the same time, moving a gigantic Market Economy that lies ahead.\u201d<\/p><\/blockquote>\n

While requesting the app<\/a>roval of the proposal, Goulart cited the need to establish \u201ca global economy that facilitates the daily lives of citizens and provides a good quality of life for all.\u201d The bill will be passed into law after 90 days from the date of approval.<\/p>\n

Related: <\/strong>Brazil aims to tighten penalties for crypto-related financial crimes<\/em><\/strong><\/p>\n

Brazil\u2019s Special Committee of the Chamber of Deputies recently approved a bill to penalize crypto-related financial crimes.<\/p>\n

The latest regulatory amendments have increased the penalty for money laundering in addition to raising the minimum prison terms for similar crimes. As Cointelegraph reported, the penalty has increased from one-third of the amount of laundered money to two-thirds while the prison times have been increased from 10 years to 16 years and eight months. <\/p>\n

\u201cWith the lack of regulation, people have nowhere to turn. The market will advance and adjust in Brazil. There will no longer be profiteers using technology<\/a> to deceive millions of Brazilians,\u201d according to Federal Deputy Aureo Ribeiro.<\/p>\n