Crypto law: Panama seeks to become crypto-friendly

TL;DR Breakdown: The government of Panama is presenting a crypto law to officially regulate and allow cryptocurrency and blockchain. The country will use Bitcoin as an alternative payment method for any civil or commercial operation. Cryptocurrency adoption is gradually spreading across Central American countries, even to the authoritative level. Hours ago, the Panamanian congressman Gabriel Silva disclosed that the government is introducing a crypto law to officially recognize and regulate digital currencies. This will enable residents the freedom to transact and invest in cryptocurrency.  Hoy presentamos la Ley de Cripto. Buscamos hacer a Panamá un país compatible con el blockchain, los criptoactivos y el internet. Esto tiene el potencial de crear miles de empleos, atraer inversión y transparentar el gobiernoPueden ver el proyecto aquí: https://t.co/6FoKdwbkwR pic.twitter.com/xDxfyS9BYI— Gabriel Silva (@gabrielsilva8_7) September 6, 2021 Panama is preparing crypto law to allow nationwide adoption As the congressman shared on Twitter, the crypto law is in tune to make the Central American country compatible with cryptocurrencies, blockchain technology, and the internet. The government recognizes that this regulatory move has the potential to “create thousands of jobs, attract investment and make the government transparent.” Given the opportunities presented by cryptocurrency and blockchain, includ...