Saturday 4 February 2023

Panama regulates the use and commercialization of crypto assets

According to the proposal, citizens, companies and organizations will be able to freely agree on the use of crypto assets

Paying the bills

Latest

Ruta 27 tolls drop on February 10

QCOSTARICA - As of 12:01 am on Friday, February...

Tycoon who wants to build a dry canal in Costa Rica in trouble for alleged fraud

QCOSTARICA - India's billionaire and industrialist, Gautam Adani, who...

Dollar increased ¢14 in four days

QCOSTARICA - And we're back to the rollest coaster...

500,000 people in Costa Rica could improve their credit situation. How?

QCOSTARICA - If in Costa Rica the compliance and...

Joselyn Chacón admits having paid to “put the hurt on” the media

QCOSTARICA (Nacion.com) The Minister of Health, Joselyn Chacón, affirmed...

Uncovering the Red Tape of Clean Water in Costa Rica

(OP-ED) Imagine having to haul water to your home,...

Do CBD Products Actually Work?

Rumors about the beneficial effects of CBD products have...

Dollar Exchange

¢567.55 Buy

¢576.23 Sell

4 February 2023 - At The Banks - BCCR

Paying the bills

Share

Q24N (PANAMA) The Congress of Panama approved a bill to regulate the use and commercialization of crypto assets in the Central American country, which adds to others in the region that have advanced in the legislation regarding digital currencies.

El Salvador became the first nation in the world to adopt bitcoin as legal tender last year, as did a special autonomous zone in Honduras this month.

“It is important to anticipate, that we regulate the issue, let’s make it clear, let’s do it according to the FATF (Financial Action Task Force) standards (…) before this harms us in the future for not having a good regulation,” he said one of the legislators who promoted the plan, Gabriel Silva.

- Advertisement -

According to the proposal, citizens, companies and organizations will be able to freely agree on the use of cryptoactives, including without limitation bitcoin BTC=, ethereum ETH=, XRP, litecoin, XDC Network, elrond, stellar, IOTA and algorand, as a means of payment for any operation. civil or commercial.

The initiative was approved by the legislators of the National Assembly with 38 votes in favor, two abstentions, and none against, and must be promulgated by President Laurentino Cortizo to enter into force.

The bill also leaves open the possibility of paying taxes, fees and other tax obligations with cryptocurrencies, directly or through agencies, respecting the order, stability and transparency of public finances and the best cybersecurity practices.

- Advertisement -
Paying the bills
Avatar photo
Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Which country has the cheapest and most expensive mobile internet in Latin America?

Q TECHNOLOGY - British price comparison website cable.co.uk analyzed 5,292 mobile...

U.S. allocates US$22 million to the immigration crisis in Panama

Q24N (EFE) The United States has allocated close to US$22 million...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.