Panama is leading the way in Latin America! 🌎 Panama City 🏙️ has just signed a KEY AGREEMENT 🤝 with a local bank (Towerbank) to allow VOLUNTARY payment of taxes and services with CRYPTOASSETS! 🤯 Just as you read! , Ξ, #USDC and #USDT are now welcome to fulfill your tax obligations.
Mayor Mayer Mizrachi 🗣️ celebrated this news as a HISTORIC MILESTONE! 🥳 He assured that the process will be a PIECE OF CAKE! 🥖 The bank will act as an intermediary 🏦, converting your cryptos to dollars 💵 and then transferring them to the mayor's office. Goodbye to complicated procedures! 👋
With this move, Panama joins the select group of cities in the region that accept cryptocurrencies for taxes, following in the footsteps of Mendoza, Argentina 🇦🇷. A GIANT LEAP! 🚀 that demonstrates a better relationship between traditional banking and the crypto world, leaving behind the restrictive stances of the past 🙅♂️.
Meanwhile, in places like New York, it is still not possible! 🤦♂️ But some legislators are already working to change that 💪.
Towerbank 🏦 stands out as a PIONEER 🥇 in connecting traditional banking with cryptocurrencies in the region, offering 'crypto-friendly' accounts and innovative platforms 💡. Although specific regulation is still on the way ⏳, they are working closely with regulators! 🤝
This initiative will BENEFIT everyone! 🎉 Not only cryptocurrency users but also those historically excluded from the financial system 🌍, offering an alternative to traditional fiat money 💸. And this is complemented by legislative efforts to create a CLEAR regulatory framework for digital assets in the country! 📜 Panama is showing that cryptocurrencies are the PRESENT, not just the future! 🚀
