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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.
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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.
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