🟢 Panama accepts crypto for taxes — a first step towards digital payments in LatAm

The City Council of Panama approved the use of BTC, ETH, USDC, and USDT for payment of:

— taxes 🧾

— fees 🏢

— licenses 📄

💡 This is the first government agency in the country to officially accept cryptocurrency.

At the same time, the institution still receives US dollars — the conversion is handled by the partner bank. Therefore, new laws were not needed.

📌 Why this is important:

— An example of how to integrate crypto within the existing system

— Simplifies access to payments for crypto-active residents and businesses

— Gives momentum to other regions in Latin America

🇵🇦 Panama is yet another signal that digital assets are increasingly entering government structures. And who knows, they might even reach a strategy.

Subscribe — we tell you where you can already pay taxes in crypto 🟢

#bitcoin #crypto #Panama #blockchain #adoption $BTC $ETH $USDC