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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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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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Bitcoin holds near $68,000 as volatility cools, WLFI jumps ahead of Mar-a-Lago forum
Bitcoin trades in a tight range as derivatives stabilize and altcoins show pockets of strength ahead of key macro cues and a high-profile crypto event.
Що варто знати:
- Bitcoin is up 0.9% on Wednesday to around $68,000, holding between $65,100 and $72,000 since Feb. 6 as volatility and funding rates cool.
- Open interest sits at $15.5 billion, funding rates are flat to slightly negative, and options skew has eased, signaling a more balanced market.
- The Trump-backed WLFI token has surged nearly 19% in 24 hours ahead of a Mar-a-Lago crypto forum, while MORPHO extends its weekly rally.
