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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.
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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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.
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Copper, gold and bitcoin: A macro signal to watch
The copper-to-gold ratio is breaking higher, a move that has historically aligned with key turning points in bitcoin cycles.
Ano ang dapat malaman:
- A rising copper-to-gold ratio signals a shift toward risk-on conditions and has historically preceded major bitcoin rallies after prolonged downtrends.
- The ratio has now broken out from a yearslong decline. Copper’s recent outperformance versus gold may support a bitcoin rally into 2026.
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