Share this article
Panama City Greenlights Bitcoin, Ether Payments for Tax and City Services
The capital of Panama will accept crypto payments for certain services, Panama city Mayor Mayer Mizrachi said in an X post.
Updated Apr 17, 2025, 4:32 p.m. Published Apr 17, 2025, 6:53 a.m.
Make us preferred on Google
What to know:
Panama City locals can soon settle taxes, parking tickets, permits, and other fees with bitcoin (BTC), ether (ETH), and stablecoins USDC and tether (USDT), mayor Mayer Mizrachi said late Wednesday.
“Prior administrations tried to push a bill in the senate to make this possible, but we found a simple way to do it without new legislation,” Mizrachi said in an X post. “Legally public institutions must receive funds in $, so we partner with a bank that will take care of the transaction receiving in crypto and convert on spot to $.
“This allows for the free flow of crypto in the entire economy and entire government,” he added.
More For You
More For You
Bitcoin sinks to $66,000, U.S. stocks lose steam as Fed minutes mention possible rate hike
Bitcoin is now on track for its fifth consecutive weekly decline, and losing this level could open the floor for a fresh leg lower.
What to know:
- Bitcoin fell back to $66,000 on Wednesday afternoon, testing the lower end of its recent trading range.
- Crypto-related stocks reversed early gains, with Coinbase swinging from a 3% morning rise to a 2% loss and Strategy slipping about 3%.
- Surprisingly hawkish Fed minutes had the U.S.dollar strengthening, putting pressure on risk assets.
Top Stories
