On April 17, the government of Panama City, the capital of Panama, approved the use of cryptocurrency to pay taxes, fees, fines, and permit costs. According to local media, the city will accept Bitcoin, Ethereum, USDC, and USDT.

Panama City has now joined the ranks of other cities around the world that allow the use of cryptocurrency for municipal payments. Mizrahi stated that the capital of Panama will implement this policy in collaboration with a partner bank, without the need for new legislation, as the bank will convert the cryptocurrency to US dollars at the time of payment. Like El Salvador, the US dollar is the legal tender in Panama.

Mizrahi said, "Previous administrations attempted to push a bill in the Senate to achieve this goal, but we found a simple way to do it without new legislation. Legally, public institutions must receive funds in US dollars, so we partnered with a bank that is responsible for receiving the cryptocurrency and instantly converting the transactions to US dollars. This allows cryptocurrency to circulate freely throughout the economy and the entire government."