Panama Could Benefit From Bitcoin Adoption Like El Salvador
Following in El Salvador’s footsteps, Panama remains poised to become a leading bitcoin adopter.A few brave people in Panama are pushing to move a cryptocurrency bill forward as they work to overcome fear and uncertainty from the majority in Congress and the general population.On June 8, 2021, Satoshi Nakamoto smiled as wide as the horizon that can be seen from the west beach of El Zonte. After all, perhaps not even Satoshi could have predicted a sovereign nation adopting bitcoin as legal tender just 12 years after its invention. Since El Salvador passed their Ley Bitcoin, the entire....
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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 […]
A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest in bitcoin. More Countries Eye Bitcoin Adoption After El Salvador passed the bill making bitcoin legal tender alongside the U.S. dollar, a growing number of lawmakers in neighboring countries have either expressed their interest in making a similar move or put laser eyes on their Twitter profile....
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 […]
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 […]
The reduction of the remittance cost seems to be the major reason for the adoption of Bitcoin by El Salvador. CABEI has recognized that remittances are a vital feature of El Salvador’s BTC adoption policy. Central American Countries May Adopt Bitcoin After El Salvador Recently, it was reported that the expectations of the RDB (Regional […]