In Panama, a bill to regulate cryptocurrencies was passed

Home / In Panama, a bill to regulate cryptocurrencies was passed

Lawmakers in Panama’s National Assembly have approved a bill regulating the use and commercialization of cryptoassets in the country.
The bill opens the door to private and public use of cryptoassets and would allow people to pay taxes with cryptocurrencies.
“Now I can go out and pay a vendor for something. And if he wants to accept cryptocurrency – it’s allowed, it’s legal. Until now, there has been no such thing in Panama,” said Congressman Gabriel Silva.
The bill deals with the trading and use of cryptoassets, the issuance of digital securities, new payment systems and tokenization of precious metals.
Under the new legislation, Panamanians can use cryptoassets as a means of payment for any civil or commercial transaction not prohibited by law in the country.

Leave a Reply

Your email address will not be published.