Panama City has officially approved the use of Bitcoin, Ether, and stablecoins for various transactions, establishing itself as a pioneer in digital currency adoption. This initiative is supported by a bank to ensure that all crypto payments are converted to USD as required by law.
The local government is exploring broader legislation to create regulation around cryptocurrency usage. A draft bill aims to legalize crypto payments and set compliance standards for Virtual Asset Service Providers, signaling a commitment to integrate digital assets into the economy.
Leave a Reply