Share this article
Panama Legislature Passes Bill Regulating Crypto
The legislation now moves to the desk of President Laurentino Cortizo for his signature or veto.
Updated May 11, 2023, 3:35 p.m. Published Apr 28, 2022, 5:08 p.m.
A plenary session of the Panamanian Legislative Assembly approved a bill on Thursday regulating the use of cryptocurrencies in the Central American country.
- “This will help Panama become a hub of innovation and technology in Latin America," Congressman Gabriel Silva, who introduced the bill, tweeted on Thursday. "[The] only thing missing is for the President to sign it. Thank you to all who helped. This will help create jobs and financial inclusion."
- As informed by the Assembly, “the law regulates the trading and use of crypto-assets, the issuance of digital value, tokenisation of precious metals and other assets, payment systems and other provisions.”
- The bill was passed out of the Panamanian Legislative Assembly’s economic affairs committee last week before its final approval today. Following the legislative process, Panamanian President Laurentino Cortizo can veto the bill or sign it into law.
- Last week, Silva said that the bill aims 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.” He added that it also looks to have blockchain technology be adopted by the Panamanian government “to increase transparency and efficiency in procedures.”
STORY CONTINUES BELOW
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
As Democrats gain in odds to take U.S. House, Waters bashes SEC chair on crypto
Maxine Waters, the top Democrat who may lead the House Financial Services Committee again if Democrats prevail, has a crypto bone to pick with SEC's Atkins.
What to know:
- Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, called for a hearing with Securities and Exchange Commission Chairman Paul Atkins to discuss his crypto moves and other topics.
- Her party has a strong chance to take back the House of Representatives majority in 2026, potentially moving her back into the spot as committee chair.
Top Stories
