Panama Follows El Salvador as it Plans to Adopt Bitcoin and other crypto like...
Cryptocurrency adoption throughout the world is growing quickly. Panama follows in the footsteps of other Central American countries like El Salvador, Lugano, and Honduras Prospera. Bitcoin (BTC) and other cryptocurrencies including XDC Network will soon be accepted in Panama after the National Assembly passes the initial steps. Legislation that attempts to control the usage of […]
Related News
Both El Salvador and Paraguay have signaled their pro-Bitcoin intent. But as pointed out by @GaryLeland, Brazil and Panama have also declared an interest in following suit. The list keeps growing. El Salvador, Brazil, Paraguay, and Panama are moving to #Bitcoin. Who is next? — 🅖🅐🅡🅨 🅛🅔🅛🅐🅝🅓 The Bitcoin Boomer (@GaryLeland) June 8, 2021 This […]
Following in El Salvador’s footsteps, Panama remains poised to become a leading bitcoin adopter.
The Crypto Law is aimed at making Panama “compatible with the digital economy, blockchain, crypto assets and the internet.” Lawmakers in Panama have passed a bill that will regulate cryptocurrencies, including Bitcoin, in the Latin American country.In a Thursday tweet, Panamanian pro-crypto congressperson Gabriel Silva said lawmakers had approved the "Panama Crypto Law" following a third debate. According to Silva, the law will “help Panama become a hub of innovation and technology in Latin America.”According to Panama’s National Assembly, the Crypto Law is aimed at regulating “the trading....
After El Salvador’s move to give Bitcoin a legal tender, the National Assembly of the Central American country, Panama, passed a bill on Thursday to enact regulations for the commercialization and use of cryptocurrency in the republic. If the President of the National Assembly, Laurentino Cortizo, approves the bill, private and public companies would be […]
A central American country, El Salvador, has been buying Bitcoin since September. However, the country’s big bet on crypto has collapsed in recent weeks because the cryptocurrency washed out roughly a third of the value of the government’s assets. El Salvador is the first country to adopt bitcoin as a legal tender. They also plan […]