Panama City Now Accepts Crypto for Taxes and Municipal Services
Panama City has officially approved the use of cryptocurrencies—including Bitcoin ($BTC ), Ethereum ($ETH ), $USDC , and USDT—for paying municipal taxes, permits, tickets, and fees. This initiative, led by Mayor Mayer Mizrachi, allows residents to make voluntary crypto payments, which are converted to U.S. dollars by Towerbank before being transferred to the city. The move positions Panama City as a regional leader in crypto adoption without altering existing tax structures or incurring additional costs for the government.
