Panama Assembly Passes Bill Regulating Bitcoin, Crypto Today

Posted on

  • Panama has approved a bill regulating the use of bitcoin and cryptocurrencies as payment.
  • The goal is to foster job creation and make the country a leading technology hub in Latin America, a Congressman said.

Panama has unanimously approved overhaul legislation to regulate the Bitcoin and cryptocurrency markets in the country in a move that takes the burgeoning industry out of a current gray zone.

The new legislation regulates the trading and use of cryptocurrencies, the issuance of digital value, tokenization of precious metals and other assets, payment systems and dictates other provisions, the country’s Legislative Assembly tweeted on Thursday.