Panamanian lawmaker introduces bill to regulate cryptocurrencies

Panamanian lawmakers have introduced a bill to regulate the use of cryptocurrencies throughout the country.

The bill, introduced by Congressman Gabriel Silva on Tuesday evening, aims to make Panama a “country compatible with the digital economy, blockchain, crypto assets and the internet.”

The text of the bill suggests that individuals in Panama or legal entities established in the country can freely agree to use cryptocurrencies as a means of payment for any civil or commercial activity that is not prohibited by the legal system. The project also proposes that cryptocurrencies can be used to pay taxes, fees and other tax obligations.