Panama approves bill regulating сrypto
The National Assembly of Panama has approved a bill regulating the use of digital assets such as BTC in the country and will also provide a legal framework for DAOs and STOs. Now the law must be signed by the president of the country before it comes into force.
According to Congressman Gabriel Silva, this will help Panama "become a hub of innovation and technology in Latin America." According to the bill, Panamanians will be able to buy everyday goods with cryptocurrency if they want to.
Moreover, the law provides that cryptocurrencies will now be a valid form of payment "for any legal civil or commercial operation," including the payment of taxes, fees, and duties to the government. The full list of eligible cryptocurrencies will be published later, but for now, the law highlights Bitcoin, Ethereum, XRP, Litecoin, and Stellar, among a handful of other coins.
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