Panama City Mayor Mayer Mirachi recently met with two Bitcoin policy leaders from El Salvador. Following his meeting, he wrote in his X ‘Bitcoin Reserve ’, which experts now see as evidence that the city might soon get its Bitcoin reserve.
Bitcoin Reserve
— Mayer Mizrachi (@Mayer) May 16, 2025
After he meets with Max Keiser and Stacy Herbert, it is worth noting that the post comes just 2 weeks before the Bitcoin 2025 conference in Las Vegas.
Mirachi will speak about Bitcoin and related topics at the upcoming Bitcoin conference in Las Vegas. It is now speculated that crypto might get approval for public use, including taxes and fines, among other things.
Bitcoin, Ethereum, USDC, and USDT are expected to get initial recognition in Panama City. According to facts, the city is a financial hub in Latin America, and it acts as a bridge between North America and South America.
Crypto is now heavily embraced by the governments
Over the months, it has been noted that a few cities and States came to the forefront for structuring their Bitcoin Strategies Reserve, and in the U.S., the trend has shifted as the serving president is considered a pro-crypto president.
Yet, in the list of legalization and recognition, El Salvador remains at the top and is followed by a Bitcoin buying strategy for the past few years.
Under the Trump administration, the United States has made important progress by utilizing seized crypto such as Bitcoin, Ether, XRP, Solana, and Cardano. Executive orders issued in January and March 2025 created a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.
These actions are intended to establish the United States as a “crypto capital,” with regulations that promote banking access for crypto companies and regulatory clarity.
As an indication of mainstream integration, the Office of the Comptroller of the Currency now permits banks to purchase, sell, and hold cryptocurrency. But legislative
A comprehensive structure for digital assets, including stablecoins, is provided under the EU’s Markets in Crypto-Assets (MiCA) regulation, which goes into force in 2025.
Integrating crypto with consumer safeguards into the financial system is a sensible step, even though it isn’t a direct endorsement. In an effort to demonstrate its openness to blockchain-based currencies, the EU is also testing a digital euro.
In India crypto industry is a gray area, although trading is permitted, but it is not accepted as legal tender. A 1% TDS on transactions over ₹50k and a 30% tax on crypto earnings indicate strict control. The Reserve Bank of India, which prioritizes its own digital rupee, is still dubious.
Crypto market price updates
When writing, the crypto market was at $3.29 trillion with a decline of 1.40%; At the same time, the crypto fear and greed index was at 68, still indicating greed.
Bitcoin has been trading at $103,489 with a loss of 0.48% in the 24-hour time frame. The trading volume was $44.14 billion with a loss of 14.49%.
