Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations

Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations


A new bill that aims at recognizing Bitcoin as another payment method has emerged in Panama. The bill will also give residents the freedom to use cryptocurrencies. Amidst El Salvador adopting BTC as legal tender, a Central American country is trailing the same path. The intent is to give residents of the country the freedom to start using cryptos like Ether (ETH) and BTC.

The Republic of Panama on September 6th passed a bill on cryptocurrency regulation. The bill aims to make Panama compatible with the internet, blockchain, and crypto-assets.

Gabriel Silva posted an announcement on Twitter, the bill can generate lots of job opportunities. He added that the legal initiative could create new sources of investments and make the Panama government more transparent.

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Bitcoin is a decentralized digital currency without a single administrator or central bank. It’s represented with BTC and be sent

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