Panama Passes Bill to Regulate Cryptocurrencies

According to Reuters, Panama passed a bill to regulate digital assets. The document covered a wide range of activities related to cryptocurrencies, from trading to asset tokenization.

Congressman Gabriel Silva, the author of the bill, considers it an important step in the state’s path to the status of the center of technological innovation in Latin America. The law allowed cryptocurrency payments in any legal organizations, including the government ones, and also secured the status of legal entities for DAO.

With almost half of Panama’s population without access to the banking system, this financial innovation will help improve people’s lives, as well as create many jobs and attract investment to the country.

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