Panama Canal Could Prioritize Bitcoin-Paying Ships, Mayor Suggests

Panama Canal Could Prioritize Bitcoin-Paying Ships, Mayor Suggests

Panama City’s mayor, Mayer Mizrachi, put forward an unusual plan at the Bitcoin 2025 conference in Las Vegas on May 29. He suggested that cargo ships could speed up their transit through the Panama Canal if they paid in Bitcoin. It was a brief comment, but it set off a flurry of questions about how it might work in practice. Related Reading: Tether’s 2-Year, $5 Billion Investment Blitz Fuels US Companies: CEO Bitcoin Payments For Priority Passage According to reports from the panel, Mizrachi spoke alongside El Salvador’s Bitcoin policy leaders, Max Keiser and Stacy Herbert. He said that....


Related News

Dutch Streets Adopt Cryptocurrency, Become 'Bitcoin Boulevard'

It is the home of the Dutch royals, international war tribunals and, seasonally, to masses of photo-taking tourists, but the Hague in the Netherlands will soon be a hotspot for bitcoin enthusiasts, too. At 17:57 on 20th March - the precise start of spring in the Netherlands - all of the businesses along two canal-side streets in the city centre will start to accept bitcoin. In all, nine restaurants and one art gallery will take part in the scheme. Unofficially the two streets running along the canal - Bierkade and Groenewegje - will also change their name to 'Bitcoin Boulevard'. Hard sell.....

NYC Mayor-Elect Wants Schools to Teach Crypto, Says Bitcoin Is New Way to Pay...

New York City Mayor-elect Eric Adams plans to make NYC the center of crypto and innovation. He says we must open our schools to teach cryptocurrency and blockchain technology, noting that bitcoin is “a new way of paying for goods and services throughout the entire globe.” NYC Mayor-Elect Wants Schools to Teach Bitcoin, Crypto, Blockchain New York City Mayor-elect Eric Adams talked about making NYC the center for innovation and cryptocurrency in an interview with CNN Business Sunday. He also explained the reasoning behind his tweet saying that he will take his first....

Lawmaker Presents Bill to Regulate Cryptocurrencies in Panama

A Panamanian lawmaker has introduced a bill to regulate cryptocurrencies in the National Assembly. Among the proposals in the bill is the legalization of cryptocurrencies, like bitcoin and ethereum, as a means of payment, including for paying taxes. Proposed Crypto Law Will ‘Give Legal Certainty and Safety to Crypto Assets in Panama’ As the Bitcoin Law went into effect in El Salvador making BTC legal tender, Panamanian legislator Gabriel Silva tweeted on Sept. 7, “Today we proposed the Crypto Law.” He elaborated: We want Panama to be compatible....

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 […]

Panama Could Benefit From Bitcoin Adoption Like El Salvador

Following in El Salvador’s footsteps, Panama remains poised to become a leading bitcoin adopter.