Odaily Planet Daily News Panama has released a comprehensive draft aimed at regulating cryptocurrencies and promoting the development of blockchain services. The new bill recognizes digital assets as a legal means of payment, allowing both parties to voluntarily use Bitcoin, Ethereum and stablecoins in commercial and civil contracts. The bill establishes a regulatory framework for virtual asset service providers (VASPs), requiring them to register with the Financial Analysis Unit (UAF) and comply with KYC and AML regulations. Those who fail to register will face penalties. In addition, the bill promotes the use of blockchain for public governance, supporting digital identity systems and tokenized securities to improve transparency and efficiency. The draft will enter Congress for discussion in the coming weeks. (CryptoSlate)