In April 2016, Le Monde and other newspapers across the globe simultaneously published the Panama Papers. This publication had the effect of a bomb since it unearthed hundreds of articles on the secret assets of heads of state, billionaires, sportsmen and criminals in tax havens. Today, it is not a question of tax evasion, but of cryptos. Indeed, the Panamanian government plans to give its citizens the possibility of using cryptos as a legal means of payment.
Crypto dubbed by the Panamanian National Assembly
Indeed, it is through his account Twitter that the Panamanian National Assembly has confirmed the adoption of the bill aimed at regulating the cryptocurrency market. Among the proposals of this bill, one of them concerns the public and private use of cryptocurrencies. However, the measure will only be effective if approved by the Panamanian president.
“The report of the subcommittee on Bills 696 and 697 was also presented and approved. They were unified and approved in the first debate, with the title that regulates the marketing and use of crypto-assets, the issuance of digital value, the tokenization of precious metals and other goods, payment systems and other provisions. »
Translation of tweets from the National Assembly
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Paying taxes and groceries in bitcoin, is it coming soon?
Panama does not hide its ambitions, since it is a question of making the country one of the centers of excellence of the crypto ecosystem, as can be the case for the United Arab Emirates.
Gabriel Silva, one of the members of the National Assembly, expressed himself in this sense at the microphone of the hurry local :
“This bill aims for Panama to become a hub of technological innovation in Latin America. »
If the bill passes, Panama could follow El Salvador’s lead. Indeed, it will become possible for Panamanians to buy goods and services in cryptocurrencies in all civil or commercial businesses.
After the Central African Republic, will Panama be the next country to make Bitcoin legal tender? It may well be. The revolution is on !
Panama is slowly but surely moving towards crypto-friendly regulations. On your side, don’t wait any longer to join the greatest of modern monetary revolutions! Go register on AscendEX. To trade cryptocurrencies without breaking the bank, take advantage of 10% reduction on trading fees (affiliate link, see conditions on site)