Utah Senate Passes Bitcoin Bill, Omits tate Reserve Provision
Utah lawmakers approved a BTC bill after modifying it to eliminate a provision that would have allowed the state treasurer to invest in BTC.
Key Takeaways:
Legalisation of Crypto Salaries—The bill allows employees to voluntarily receive part of their salaries in cryptocurrencies like Bitcoin (BTC).
Mandatory Real Payments – Employers are required to pay a portion of wages in Brazil’s national currency, ensuring compliance with financial regulations.
Regulatory Framework for Adoption – The proposal aims to create a legal structure for integrating crypto payments into salaries while maintaining economic stability.
Brazil has taken a significant step toward integrating cryptocurrency into its financial system by introducing a new bill to regulate Bitcoin (BTC) salaries.
Overview
Federal Deputy Luiz Philippe de Orleans e Bragança has proposed legislation allowing employees and service providers to receive their wages in BTC and other cryptocurrencies, marking a significant milestone in the country’s approach to digital assets. Introduced on March 12 2025, the bill PL 957/2025 permits voluntary and partial salary payments in digital assets such as BTC while mandating that a portion of wages still be paid in Brazil’s national currency.
The bill aims to provide a legal framework for salary payments in BTC while ensuring compliance with existing labour laws and financial regulations. If passed, it could establish Brazil as one of the leading nations in embracing crypto payments at a governmental level. However, the legislation does not mandate crypto salaries but allows employees and employers to negotiate payment terms.
Potential Impact on Workers and Employers
The proposed legislation has sparked excitement and doubts among Brazilian workers and businesses. BTC salaries could provide financial autonomy, faster cross-border payments, and protection against inflation. Brazil has witnessed growing adoption of digital assets, and offering employees the option to receive BTC payments could further drive innovation and economic growth.
On the other hand, critics raise concerns about the volatility of cryptocurrencies, which could lead to unpredictable income fluctuations for workers. Employers may also face challenges in implementing crypto payroll systems, such as managing tax compliance and mitigating security risks. To address these concerns, the bill includes provisions for regulatory oversight, ensuring employees retain the right to receive salaries in fiat currency.
Regulatory Landscape and Future Prospects
Brazil has been making strides in crypto regulation, with the government increasing interest in fostering a blockchain-friendly environment. In 2022, the country passed legislation recognising cryptocurrencies as a means of payment, laying the groundwork for future developments in the digital asset sector. The latest bill builds upon these efforts, seeking to clarify how BTC can be legally integrated into salary structures.
If the bill passes, Brazil could serve as a model for other Latin American nations looking to incorporate crypto payments into their financial ecosystems. Countries like El Salvador have already adopted BTC as a legal tender, demonstrating the potential benefits and challenges of mainstream crypto adoption. As the Brazilian government deliberates on the bill, industry experts and stakeholders will closely monitor its progress to assess its broader implications for the global crypto market.
With Bitcoin’s growing acceptance and institutional interest, legislative moves like this could signal a shift toward greater adoption of cryptocurrencies in everyday transactions. While challenges remain, Brazil’s regulatory approach could set the stage for the future of digital salaries worldwide.