{"id":19868,"date":"2025-03-31T13:02:20","date_gmt":"2025-03-31T13:02:20","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19868"},"modified":"2025-03-31T13:02:20","modified_gmt":"2025-03-31T13:02:20","slug":"is-panama-about-to-become-latams-new-crypto-republic-everything-to-know-about-the-crypto-regulation-bill","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19868","title":{"rendered":"Is Panama About to Become LATAM\u2019s New Crypto Republic? Everything to Know About the Crypto Regulation Bill"},"content":{"rendered":"<div>\n<p>The Panama crypto bill aims to legalize voluntary crypto payments and attract blockchain firms, possibly with more tax incentives. Could this make Panama a LATAM crypto hub?<\/p>\n<p><span data-preserver-spaces=\"true\">Amid heated debates over the control of the Panama Canal and whether Chinese operators threaten U.S. national security, other key developments are unfolding in Panama. Top Panama news highlights fresh efforts to regulate and promote crypto and blockchain, cementing its position as a financial hub in Latin America (LATAM).<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Panama Crypto Bill 2025: What You Should Know<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">A draft crypto regulation bill seeking to create a legal framework for crypto assets was <a class=\"general-link\" href=\"https:\/\/dig.watch\/updates\/panamas-draft-bill-sets-the-stage-for-crypto-payments\" target=\"_blank\" rel=\"noopener nofollow\">submitted<\/a> on March 27, 2025. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While this move is bullish, its success remains uncertain, given previous regulatory setbacks.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">2022 Bill No. 697 was <a class=\"general-link\" href=\"https:\/\/digitalpolicyalert.org\/change\/3008-authorisation-of-cryptocurrencies-in-crypto-law-bill-no-697\" target=\"_blank\" rel=\"noopener nofollow\">passed<\/a> to integrate crypto into the economy. It aimed to allow the use of top altcoins like Bitcoin, Ethereum, and other digital assets for payments while encouraging real-world asset tokenization and blockchain integration into governance. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite strong legislative support, the bill was vetoed due to concerns over anti-money laundering (AML) measures and constitutional issues. In 2023, the Supreme Court also declared it unconstitutional, halting progress.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Panama Congressman on Introducing Crypto Payments Bill\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/EHjqOiZqFS8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">The March 27 bill is another attempt to address past criticisms. They also seek to establish a framework that attracts crypto investment and fosters innovation. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For instance, it allows businesses and individuals to accept crypto voluntarily. All virtual asset service providers\u2014including wallets and exchanges\u2014must register and obtain licenses to counter money laundering and illicit activities.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Panama used to be a playground for unregulated crypto biz\u2014low oversight, high freedom.<\/p>\n<p>That era might be over.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f1f5-1f1e6.png\" alt=\"\ud83c\uddf5\ud83c\udde6\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> New legislation just dropped:<br \/><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/2696.png\" alt=\"\u2696\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Voluntary crypto payments = legalized<br \/><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f4dc.png\" alt=\"\ud83d\udcdc\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> But\u2026 the regulatory net is tightening<\/p>\n<p>The wild west is civilizing <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f920.png\" alt=\"\ud83e\udd20\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/27a1.png\" alt=\"\u27a1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f3db.png\" alt=\"\ud83c\udfdb\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><br \/>Builders:\u2026<\/p>\n<p>\u2014 Dave Burrells (@dburrells) <a href=\"https:\/\/twitter.com\/dburrells\/status\/1905692507784314893?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The bill proposes using blockchain in governance, digital identity systems, and tokenization to promote integration. Panama offers incentives to encourage activity, explaining why it may be one of the best countries for crypto businesses.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Already tax-friendly, the country may roll out additional perks for crypto businesses seeking to establish a base, though specific details remain undisclosed.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The bill is currently under review in the National Assembly. Amendments may be made before the final vote, after which the president must sign it into law. This could potentially create a boom and force capital to some of the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\">best cryptos to buy<\/a>.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Panama Crypto Hub: Why This Bill Matters<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Panama is already a financial hub and a tax haven for companies. If this bill becomes law and is endorsed by the president, Panama could emerge as a go-to destination for crypto firms in Latin America, even allowing citizens to launch some of the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"noopener\">best meme coins<\/a> on platforms like Solana.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-221072 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-31T134922.556.png\" alt=\"Panama crypto bill to legalize voluntary crypto payments and attract blockchain firms. Could it make Panama a LATAM crypto hub? \" width=\"1629\" height=\"730\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-31T134922.556.png 1629w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-31T134922.556-300x134.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-31T134922.556-1024x459.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-31T134922.556-768x344.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-31T134922.556-1536x688.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-31T134922.556-50x22.png 50w\" sizes=\"auto, (max-width: 1629px) 100vw, 1629px\"><\/p>\n<p><span data-preserver-spaces=\"true\">Since crypto use for payments is optional, Panama\u2019s success could serve as a blueprint for other countries in the region. Accordingly, Panama may even top LATAM crypto regulation trends. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, Panama is playing safe. Until recently, Panama was on the European Union blacklist and scrutinized by the Financial Action Task Force (FATF) for money laundering. Even if approved, its crypto-friendliness could be diluted. This will be especially true if enforcement becomes overly strict, as they don\u2019t want to come under <a class=\"general-link\" href=\"https:\/\/fpublico.mef.gob.pa\/en\/SiteAssets\/Informacion\/PANAMA%20REMOVED%20FROM%20THE%20EUROPEAN%20UNION.pdf\" target=\"_blank\" rel=\"noopener nofollow\">external pressures<\/a>.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Moreover, critics argue that the voluntary approach is less aggressive. The absence of a state-driven push, such as a Bitcoin or crypto reserve like that proposed in the United States, limits Panama\u2019s \u201cpro-crypto\u201d boldness.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"noopener\">Next 1000x Crypto \u2013 10+ Coins That Could 1000x in 2025<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Panama Crypto Regulation Bill 2025: Path To LATAM Crypto Republic?<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Panama crypto bill legalizes optional crypto payments and promotes blockchain use<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>\u00a0    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Tax-friendly Panama may offer perks for crypto firms, though strict AML rules may temper its appeal<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Will the president approve the bill and inspire Latin American nations despite EU and FATF pressures?<\/span>\u00a0    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/is-panama-about-to-become-latams-new-crypto-republic-everything-to-know-about-the-crypto-regulation-bill\/\">Is Panama About to Become LATAM\u2019s New Crypto Republic? Everything to Know About the Crypto Regulation Bill<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Panama crypto bill aims to legalize voluntary crypto payments and attract blockchain firms, possibly with more tax incentives. Could this make Panama a LATAM crypto hub? Amid heated debates over the control of the Panama Canal and whether Chinese operators threaten U.S. national security, other key developments are unfolding in Panama. Top Panama news [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19868","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19868"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19868\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}