Panama Passes Crypto Regulation Bill

Legislators in the National Assembly of Panama on Thursday approved a bill regulating the use of cryptoassets in the country. The document was supported by 38 deputies. Two more voted against. The bill has been submitted to the President of Panama, Laurentino CORTIZO, for signature.

The document adopted by the parliament allows paying taxes with cryptocurrencies, and also regulates the trade and use of crypto assets in the country. In addition, the bill spells out a mechanism for issuing digital securities and launching new payment systems.

The author of the initiative, deputy Gabriel SILVA, said that the authorities did not limit themselves only to cryptocurrencies, and decided to include various types of crypto assets in the law, among which, according to him, works of art can be attributed.

Image: NTL Trust