Federal Deputy Luizão Goulart, a Brazilian congressman, reportedly put up a proposal for a bill, aiming to grant legal status to crypto payments as a payment measure for public and private sector workers.

Specifically, Goulart’s proposal has a plan of establishing a new regulation that makes it possible for every Brazilian worker to be able to choose to request employers for crypto-based remuneration. 

Nonetheless, the bill warrants crypto payments to be made exclusively following the sale of a mutual agreement between the workers and the employer.

“The limits of the percentage of payment (remuneration) in cryptocurrencies will be of the worker’s free choice. Any imposition by the employer will be prohibited.”

The bill further emphasized the evolution of finance – from a barter system and fiat currencies to Bitcoin (BTC) – paying attention to the decentralization side, which avoids the dependence on “a single person or a central entity.”

Should it be officially enacted, Goulart’s bill will reportedly form a consensus between the workers and the employers for predetermining the percentages of remuneration in crypto and fiat.

“Most importantly, the proposal will help collaborate in the resolution of the “cash” 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.” Goulart additionally claimed. 

Upon seeking the regulatory green light for the proposal, Goulart reportedly also mentioned the necessity for coming up with “a global economy that facilitates the daily lives of citizens and provides a good quality of life for all.” 

The bill will reportedly be passed into law within a 90-day timeframe since it is proposed.