Tag: panama

Aug 03 2022

The NY Times Feature On Bitcoin Maximalism Is Full Of Surprises. Here Are A Few

Is The NY Times changing its tune? Not exactly, but it’s a start. And a big improvement over the mainstream media’s constant attacks on bitcoin. The newspaper interviewed notable bitcoiners, quoted them without twisting their words, and let them present the case for bitcoin supremacy. Of course, The NY Times also sneaked their usual points of contention against bitcoin. It’s only fair and...

Jun 17 2022

Panama President Vetoes Crypto Bill Over Laundering Risks

Jun 17 2022 Published at Crypto Briefing under tags  news panama regulations

The bill will now go up for another vote in Panamas National Assembly. President of Panama Strikes Down Crypto Bill The President of Panama has called for amendments to the...

Jun 16 2022

President of Panama Vetoes Crypto Bill Passed By Parliament

Panama's president Lorentino Cortizo has partially rejected the crypto bill proposed by the country's parliament after stalling for weeks citing absence of Anti-Money Laundering rules and a lack of sufficient information on his part then. Panama wants to enter the Crypto scene Gabriel Silva, Congressman in the National Assembly of Panama, in a recent tweet,...

May 31 2022

One Of Panama’s Largest Banks Just Became Bitcoin Friendly

May 31 2022 Published at Bitcoin Magazine under tags  bitcoin business news panama towerbank

Towerbank, a top 30 bank in Panama, just announced bitcoin friendly services at an event hosted by the Chamber of Digital Commerce and Blockchain of Panama.Towerbank, a top 30 banking institution in Panama, just declared it is bitcoin-friendly.The bank is encouraging customers to sign up for a bitcoin- friendly account with simple document requirements to access the upcoming functionality....

May 19 2022

Panama Pulls Back On Legalizing Crypto, President Wants Compliance With AML Laws

Panama has decided to postpone the legalization of digital assets. According to multiple sources, Panamanian President Laurentino Cortizo has stated that he will not sign the crypto bill. The president stated in the statement that the only way for a reversal to occur is for the crypto bill to include measures that will prevent money laundering in the sector. This move has exchanges...

Panama President demands strict anti-money laundering measures in new crypto law

Panama's President Laurentino Cortizo said he will not sign the new cryptocurrency bill until it provides provisions for stricter anti-laundering controls, Bloomberg News reported on May 19. President Cortizo wants...

Panama Delays Legalizing Crypto On This Major Factor

May 19 2022 Published at Coingape under tags  crypto regulation news panama regulation news

Panama's President Laurentino Cortizo on Thursday said he will not sign the pending crypto bill into law until strict anti-money laundering clauses are added to the bill. The decision put pressure on crypto exchanges and firms already preparing to enter the new market. Panama's legislative assembly last month passed the bill regulating the use of...

May 02 2022

Why Does Panama Crypto Law Have More Potential Than El Salvador’s?

Imagine the possibility of paying your taxes and completing private transactions with cryptocurrencies. Thanks to the Panama Legislative Assembly, the possibility of this is no longer a figment of the imagination. It is an undisputed fact that the road to global crypto adoption lies in proper, effective, and adequate regulations. Panama is blazing the trail in this aspect. The Latin American country recently...

Apr 30 2022

Panama Gets A Crypto Bill, Moves One Step Closer To Becoming An Official Crypto Nation

After El Salvador's move to give Bitcoin a legal tender, the National Assembly of the Central American country, Panama, passed a bill on Thursday to enact regulations for the commercialization and use of cryptocurrency in the republic. If the President of the National Assembly, Laurentino Cortizo, approves the bill, private and public companies would be allowed to use the...

Apr 28 2022

Panama Assembly Passes Bill Regulating Bitcoin, Crypto

Apr 28 2022 Published at Bitcoin Magazine under tags  bill bitcoin business crypto news

After the president’s signature, the bill will regulate the usage of bitcoin as payment in the country.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...

Nov 09 2021

Interview: Discussing Panama’s Crypto Bill With Its Architects

An interview with two architects behind Panama's proposed cryptocurrency bill, which would legally define bitcoin for the country.What’s the first thing that comes to mind when you hear the word “Panama?” The Panama Canal? Please don’t say Van Halen’s catchy ode to nothing resembling actual Panama. Having gone there for the first time this September, my eyes were opened to the beauty...

Sep 24 2021

Making Panama Compatible With Bitcoin

A Panamanian legislator and entrepreneur discuss the country's efforts to legalize bitcoin and cryptocurrencies.Watch This Episode On YouTubeListen To This Episode:...

Sep 13 2021

Panama Follows in the Footsteps of El Salvador, Looking to Make Bitcoin Legal Tender

Just a day after El Salvador officially adopted Bitcoin as its national currency alongside the US dollar, Panamanian Congressman Gabriel Silva introduced new legislation that would make crypto-assets legal and provide the legal framework for their regulatory and fiscal applications.

Sep 08 2021

Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations

A new bill that aims at recognizing Bitcoin as another payment method has emerged in Panama. The bill will also give residents the freedom to use cryptocurrencies. Amidst El Salvador adopting Bitcoin as legal tender, a Central American country is trailing the same path. The intent is to give residents of the country the freedom to start using cryptos like Ether (ETH) and...

Sep 07 2021

Panama Introduces Bill to Legalize Bitcoin, Ethereum

If passed, the bill will allow citizens to pay taxes with cryptocurrencies.

Congressman Presents Crypto Law Project In Panama. What Does It Say, Exactly?

Congressman Gabriel Silva presented a Crypto Law project. Even though Silva’s profile picture has laser eyes, the congressman doesn’t even mention Bitcoin in the video with which he announces his accomplishment. Is this bullish for cryptocurrencies in general? Or is it another case of a politician trying to make a name for himself using buzzwords that he doesn’t understand? Let’s dig deeper....

Aug 31 2021

Panama Could Benefit From Bitcoin Adoption Like El Salvador

Following in El Salvador’s footsteps, Panama remains poised to become a leading bitcoin adopter.A few brave people in Panama are pushing to move a cryptocurrency bill forward as they work to overcome fear and uncertainty from the majority in Congress and the general population.On June 8, 2021, Satoshi Nakamoto smiled as wide as the horizon that can be seen from the...

Aug 27 2021

Brock Pierce ’s Delegation Discusses Cryptocurrencies With Honduras’ President

At least Brock Pierce isn’t claiming to lead an “Official Delegation of Bitcoin Ambassadors” anymore. The self-proclaimed “Visionary” and “Cryptopioneer” got his group of entrepreneurs an audience with Juan Orlando Hernández, the president of Honduras. Reportedly, they talked about the country’s relationship with cryptocurrencies. However, the quotes printed by the local press don’t reflect that reality....

Jun 20 2021

Which Nation Will Follow El Salvador's Lead?

Jun 20 2021 Published at Bitcoin Magazine under tags  culture el salvador panama

With the nation state game theory playing out in front of us, it is interesting to speculate on who may be next.El Salvador’s bold and groundbreaking move to declare bitcoin legal tender on June 8, 2021 has caught the attention of the world and the imagination of their Latin American neighbors. As the 14th most populated country in Latin America and with...

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