Overview

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The debate regarding the approval of a cryptocurrency legislative in the Panama National Assembly has finally come to a successful end. The bill has passed through 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 Panamanians can now utilize crypto assets as a form of payment for any civil or commercial transaction that is not banned by Panamanian law. The law was adopted by the The Legislative Assembly of Panama passed a new bill to regulate the commercialization and use of crypto. Once signed by the President, Panama residents are able to pay their taxes and civil Panama has approved a bill regulating the use of bitcoin and cryptocurrencies as payment. The goal is to foster job creation and make the country a leading Panamá ha aprobado una nueva legislación que permite a los ciudadanos comprar, vender y aceptar Bitcoin (CRYPTO:BTC) como forma de pago legal en todo el país. Lawmakers in Panama's National Assembly on Thursday approved a bill to regulate the use and commercialization of crypto assets in the Central American country 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 Panama will become the second country in Latin America to approve a law for cryptocurrencies after El Salvador. However, there are differences between the legislations of the two countries.

Panama Approves Landmark Bill, Giving Bitcoin Legal Status

The debate regarding the approval of a cryptocurrency legislative in the Panama National Assembly has finally come to a successful end. Panama has approved a bill regulating the use of bitcoin and cryptocurrencies as payment, joining a growing global movement embracing digital assets.

Panama Follows El Salvador's Lead in Crypto Adoption

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 cryptocurrencies. Panama will become the second country in Latin America to approve a law for cryptocurrencies after El Salvador. However, there are differences between the legislations of the two countries, focusing primarily on regulation and not making Bitcoin legal tender across the board.

What Does This Mean for Panamanians?

Panamanians can now utilize crypto assets as a form of payment for any civil or commercial transaction that is not banned by Panamanian law. The law was adopted by the The Legislative Assembly of Panama passed a new bill to regulate the commercialization and use of crypto. Once signed by the President, Panama residents are able to pay their taxes and civil obligations using cryptocurrency.

Details of the New Crypto Law in Panama

The bill has passed through. Lawmakers in Panama's National Assembly on Thursday approved a bill to regulate the use and commercialization of crypto assets in the Central American country. 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 voices celebrated the news.

Economic Implications and Future Outlook

The goal is to foster job creation and make the country a leading hub for innovation and technology. Panamá ha aprobado una nueva legislación que permite a los ciudadanos comprar, vender y aceptar Bitcoin (CRYPTO:BTC) como forma de pago legal en todo el país. The long-term economic impact remains to be seen, but proponents believe it will attract investment and boost Panama's position in the global economy.