Panama City Council Now Accepts Bitcoin, Ethereum For Taxes, Fines, Fees
Posted On April 16, 2025
The Panama City Council has voted to allow citizens to pay taxes, fines, fees and permits using cryptocurrencies.
What Happened: The initiative was spearheaded by Panama City Councilman and tech entrepreneur Mayer Mizrachi, who confirmed the development in a public post on Tuesday.
The policy covers a range of widely used digital assets including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and stablecoins (CRYPTO: USDC) and (CRYPTO: USDT).
According to Mizrachi, this milestone was achieved without requiring new legislation, a key differentiator from previous failed efforts.
“Prior administrations tried to push a bill in the senate to …
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