Panama to Establish Strategic Bitcoin Reserve

Panama City's mayor has announced plans to adopt a strategic Bitcoin reserve, positioning the country as a leader in cryptocurrency adoption in Latin America. This move is part of a broader trend of governments exploring the potential of Bitcoin and other digital assets.

Background

Panama has been actively working on regulating cryptocurrencies, with a draft bill that recognizes Bitcoin, Ethereum, and stablecoins as valid payment methods. The proposed law aims to provide a clear structure for digital assets in financial transactions and promote transparency and efficiency .

Conclusion

Panama's adoption of a strategic Bitcoin reserve marks a significant step in the country's cryptocurrency journey.

Most of the billionaires holds their black money in Panama banks..In few months we will see a new ATH of BTC..#StrategicBTCReserve