Panama Proposes Cryptocurrency Legislation to Regulate Digital Assets

According to Foresight News, Panama has unveiled a proposed cryptocurrency bill aimed at regulating digital currencies and promoting blockchain-based services. The draft legislation establishes a legal framework for the use of digital assets, sets licensing requirements for service providers, and includes stringent compliance measures aligned with international financial standards. Digital assets are recognized as a legitimate means of payment, allowing individuals and businesses to freely negotiate their use in commercial and civil contracts. The bill explicitly authorizes the use of cryptocurrencies such as Bitcoin, Ethereum, and stablecoins for purchasing goods, paying for services, and settling debts, provided both parties agree.