1234infos
    Facebook Twitter Instagram YouTube
    Sunday, May 29
    Facebook Twitter Instagram LinkedIn YouTube RSS
    1234infos
    • Cryptocurrency News
      • Bitcoin News
      • Ethereum News
      • Binance Coin News
      • Ripple News
      • Altcoin News
      • Dogecoin News
      • Litecoin News
    • Blockchain News
    • Cryptocurrency Exchanges
    • Technologies
    • Crypto Guide
    • en English
      af Afrikaanssq Albanianam Amharicar Arabichy Armenianaz Azerbaijanieu Basquebe Belarusianbn Bengalibs Bosnianbg Bulgarianca Catalanceb Cebuanony Chichewazh-CN Chinese (Simplified)zh-TW Chinese (Traditional)co Corsicanhr Croatiancs Czechda Danishnl Dutchen Englisheo Esperantoet Estoniantl Filipinofi Finnishfr Frenchfy Frisiangl Galicianka Georgiande Germanel Greekgu Gujaratiht Haitian Creoleha Hausahaw Hawaiianiw Hebrewhi Hindihmn Hmonghu Hungarianis Icelandicig Igboid Indonesianga Irishit Italianja Japanesejw Javanesekn Kannadakk Kazakhkm Khmerko Koreanku Kurdish (Kurmanji)ky Kyrgyzlo Laola Latinlv Latvianlt Lithuanianlb Luxembourgishmk Macedonianmg Malagasyms Malayml Malayalammt Maltesemi Maorimr Marathimn Mongolianmy Myanmar (Burmese)ne Nepalino Norwegianps Pashtofa Persianpl Polishpt Portuguesepa Punjabiro Romanianru Russiansm Samoangd Scottish Gaelicsr Serbianst Sesothosn Shonasd Sindhisi Sinhalask Slovaksl Slovenianso Somalies Spanishsu Sudanesesw Swahilisv Swedishtg Tajikta Tamilte Teluguth Thaitr Turkishuk Ukrainianur Urduuz Uzbekvi Vietnamesecy Welshxh Xhosayi Yiddishyo Yorubazu Zulu
    1234infos
    Home » Republic of Panama introduces bill for regulating crypto

    Republic of Panama introduces bill for regulating crypto

    0
    By umer shafi on September 7, 2021 Cryptocurrency News

    Amid Bitcoin (BTC) becoming legal tender in El Salvador, another country in Central America is progressing on its way to enable freedom to use cryptocurrencies like BTC and Ether (ETH).

    On Monday, the Republic of Panama introduced a bill on regulating cryptocurrencies, aiming to make the country “compatible with the blockchain, crypto assets and the internet.”

    Announcing the news on Twitter, Panamanian pro-crypto congressman Gabriel Silva stressed that the new legal initiative has the potential to generate thousands of jobs, create new investment sources, as well as make the government “more transparent.”

    According to the draft bill document shared by Silva, the new legislation intends to recognize crypto assets like Bitcoin as an alternative global payment method for “any civil or commercial operation not prohibited by the legal system of the Republic of Panama.” The bill authors emphasized that cryptocurrencies enable fast and low-cost payments allowing them to finalize a financial transaction “regardless of the distance between parties and the transaction volume.”

    In contrast to the government of El Salvador, which has required local businesses to accept Bitcoin in exchange for goods or services alongside the United States dollar, Panama’s new crypto bill does not intend to force obligatory Bitcoin acceptance. Instead, the legislation calls to establish freedom to use cryptocurrencies like Bitcoin and Ether in Panama, local TV network Telemetro reported.

    Related: Latin lawmakers don lazer eyes on Twitter in support of Bitcoin

    Silva said that the new draft bill was prepared in collaboration with Panamanian citizens and a multidisciplinary team, including industry and technology experts. The legislation was created taking into consideration important guidelines provided by international organizations such as the Financial Action Task Force, he noted.

    Amid El Salvador deciding to accept Bitcoin as an official currency, more countries in Central America have been moving into the crypto industry. In late August, a company in Honduras reportedly installed the country’s first Bitcoin ATM, allowing users to buy BTC and ETH using the local fiat currency, lempira.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    NOUVELLES CONNEXES

    DeFi Land raises $4.1M to launch decentralized finance game on Solana

    The Bitcoin metric that flipped green just before $50K BTC price bull run is back

    The largest cryptocurrency exchange in Spain is ready to take its platform global

    Comments are closed.

    Final Editied by manger373
    Recent Posts
    • DeFi Land raises $4.1M to launch decentralized finance game on Solana
    • The Bitcoin metric that flipped green just before $50K BTC price bull run is back
    • The largest cryptocurrency exchange in Spain is ready to take its platform global
    • US crypto exchange CrossTower expands to India
    • Solana rally mimicking Ethereum? Why a $500 SOL price target could be ‘conservative’
    Archives
    • September 2021
    • August 2021
    • June 2021
    • May 2021
    Categories
    • Art
    • Articles
    • Binance Coin News
    • Bitcoin News
    • Blockchain News
    • Champs
    • Crypto Guide
    • Cryptocurrency Exchanges
    • Cryptocurrency News
    • Culture
    • Dogecoin News
    • Economy
    • Ethereum News
    • Fields
    • Football
    • Freedom
    • Health
    • Internationale
    • Lifestyle
    • Litecoin News
    • More
    • News coverage
    • Photos
    • Politics
    • Sciences
    • Sports
    • Technologies
    • Technology
    • The technology
    About
    About

    Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

    We're social, connect with us:

    Facebook Twitter Instagram YouTube LinkedIn RSS
    Popular Post
    September 9, 2021

    DeFi Land raises $4.1M to launch decentralized finance game on Solana

    September 9, 2021

    The Bitcoin metric that flipped green just before $50K BTC price bull run is back

    Flickr Photos
    Ascend
    terns
    casual
    riders on the storm
    chairman
    mood
    monument
    liquid cancer
    blue
    basement
    ditch
    stars
    Subscribe To Newsletter

    Email


    Copyright © 2022. by 1234infos.com
    • Home
    • Contact us
    • Privacy Policy
    • Terms and conditions

    Type above and press Enter to search. Press Esc to cancel.