Share this article
Panamanian Legislative Assembly’s Committee Approves Bill Regulating Crypto
The legislation must now go through two more rounds of debate before making it to the president’s desk.
Updated May 11, 2023, 3:36 p.m. Published Apr 22, 2022, 6:50 p.m.
The Panamanian Legislative Assembly’s economic affairs committee approved a bill on Thursday regulating the use of cryptocurrencies in the Central American country.
- The bill seeks to “give legal stability to crypto assets in Panama” and “develop the crypto industry in the country to attract more investments and generate more employment,” Congressman Gabriel Silva said. It also looks to have blockchain technology be adopted by the Panamanian government “to increase transparency and efficiency in procedures,” he said.
- After receiving the committee's approval, the bill now must be discussed by the full Assembly during a second debate – where it can receive further modifications – and then be reviewed at a third and final session. Following the legislative process, Panamanian President Laurentino Cortizo can veto or sign the law.
- The original text, which was presented by Silva, was modified, Silva tweeted on Thursday, without specifying what was changed. "For me, it can be improved," he noted in his tweet.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Turkmenistan legalizes crypto mining and exchanges to boost the economy
The legislation aims to boost economic development and foreign investment while treating virtual assets strictly as property.
What to know:
- Turkmenistan legalized cryptocurrency mining and exchanges to boost economic development and attract foreign investment.
- The law, signed by President Serdar Berdimuhamedov, provides a legal framework for virtual assets, categorizing them as property.
- Cryptocurrency mining and exchanges must register with the central bank and stick to anti money-laundering rules.
Top Stories
