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Cryptocurrency

Bitcoin: Brazilian Politician Wants Government Workers to be Paid in Crypto

Brazilian Politician Wants Government Workers to be Paid in Crypto

  • A member of Brazil’s parliament has suggested that workers should be provided with an option to pay in Bitcoin
  • The politician proposed a bill that states that workers may be paid completely or partially in Bitcoin
  • The law will allow the workers to choose what percentage of their income is received in the flagship cryptocurrency

Cryptocurrencies are continuing to gain popularity worldwide as a means of payment for businesses and countries.

Bitcoin

A bill has been proposed to change the way that Brazilian workers receive their salaries.

The draft bill is seeking to allow Brazilian workers to receive part of their income in Bitcoin has been drafted to the Deputies Chamber.

The bill was proposed by Deputy Luizão Goulart, a Brazilian politician on November 5.

In contrast to the Bitcoin law of El Salvador, where businesses are mandated to use the cryptocurrency, this law will allow employees to choose what portion of their salary is received in crypto.

While defending the bill, Luizão Goulart claimed that the World needs to adapt to “the fourth digital revolution.”

Read also: Coinbase to Allow Users Borrow $1 Million Using Bitcoin as Collateral

The politician pushed his support for BTC further by claiming that it does not rely on trust in financial institutions in legal tender.

There is a chance that Brazil might welcome this proposal after a recent poll by Sherlock Communications showed that 48% of citizens are in support of making Bitcoin their legal tender.

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