#Panama 🇵🇦 has proposed a crypto management bill to position itself as a fintech hub in Latin America.

This bill legalizes Bitcoin and Ethereum for payments, sets licensing standards for crypto service providers, and enforces KYC and anti-money laundering regulations.

Additionally, it promotes the application #blockchain in the public sector, supports digital identity, tokenized securities, and smart contracts. The bill is currently being sent to the Panamanian Congress for further consideration.