$BTC According to Foresight News, the mayor of Panama City, Mayer Mizrachi, has announced that the city has officially partnered with one of the largest banks in the country to facilitate tax payments using cryptocurrencies.

Previously, on April 16, the Municipal Council of Panama City voted in favor of allowing citizens to pay taxes, fees, fines, and licenses using Bitcoin and other cryptocurrencies. This move marks a significant step towards the integration of digital currencies into the city's financial system.