Panama City is among local municipalities, provinces, and national governments that are increasingly receptive to accepting cryptocurrencies as a form of payment.
Panama News
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Even though this winter continues to stress test the case for Bitcoin advocation, some lawmakers strive to put their names on the crypto hot list.
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The high court will now decide whether to declare the “crypto bill” unenforceable or to approve it with modifications.
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The proposal received 100% votes, establishing the DAO Foundation, Panamanian Foundation, and Panamanian Corporation.
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The American platform became the first to freeze the withdrawal operations, but it might not be the last.
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Although the president has previously called the laws innovative, his concern regarding Anti-Money Laundering measures has put the bill back up for debate with the government.
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Panamanian bank Towerbank opens its doors to Bitcoin and crypto customers in a series of tweets and memes.
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“If the law has clauses related to money laundering activities — Anti-Money Laundering activities — that’s very important for us," said Panama President Laurentino Cortizo.
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The Crypto Law is aimed at making Panama “compatible with the digital economy, blockchain, crypto assets and the internet.”
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Santo Blockchain’s plans in Latin America consist of 300 Bitcoin ATMs, a layer-two wallet and a Bitcoin debit card.
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A new bill in Panama aims to recognize Bitcoin as an alternative payment method and enable freedom to use crypto.
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An increasing number of Latin American lawmakers are donning Lazer eyes on their Twitter avatars to express their support for Bitcoin and digital assets.
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The first 200 cabins in a crypto-themed cruise ship will go on sale in November
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Deribit, a crypto futures and options exchange moving from the Netherlands to Panama to avoid new E.U. regulations, has clarified its new AML policy.
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Crypto traders explain they are not surprised by Deribit’s move to Panama, explaining more companies may follow.
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