Copy link
Increase text size
Decrease text size
Link copied

Panama to allow Bitcoin, Ether, and 7 other cryptos as a means of payment for transactions

The bill treats crypto assets as foreign-source income, which means that crypto earnings won’t be subject to capital gains taxes based on Panama's territorial taxation system.

Panama / Image by: Wikimedia Commons

Sat, 30 Apr 2022, 13:47 pm UTC

Panama is taking steps to make the country a more favorable location for crypto businesses. The country’s legislature just passed a bill that will allow the use of Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and other digital currencies as means of payment for transactions and won’t impose capital taxes on crypto assets.

The bill’s sponsor, Panamanian Congressman Gabriel Silva, announced on Thursday that the country’s National Assembly Gabriel Silva passed the legislation. The lawmaker said that the new legislation will benefit the country by creating more jobs and promoting financial inclusion, according to Fortune.

Crypto Law approved in third debate!” Silva posted on Twitter. “This will help Panama become a hub of innovation and technology in Latin America!”

At the moment, Panamanian President Laurentino Cortizo is yet to sign the bill into law. “Only thing missing is for the President @NitoCortizo to sign it,” the lawmaker added. “Thank you to all who helped. This will help create jobs and financial inclusion.”

The bill will allow citizens, banks, and legal entities in the country to use nine cryptocurrencies as a means of payment “without limitation.” The accepted digital currencies are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XDC, XRP, Algorand, Stellar, IOTA, and Elrond.

Unlike the case of El Salvador and the Central African Republic, Panama’s bill will not elevate Bitcoin to legal tender status. This means that while BTC and the other eight cryptos can be used for payment in Panama, businesses and individuals will not be obligated to accept cryptos as payment.

Nevertheless, the bill can be considered a very positive development for Panama’s crypto community. Prior to the bill, it was illegal for digital asset firms to operate in the country, according to Coindesk.

The bill also makes Panama a very desirable place for crypto investors. It treats crypto assets as foreign-source income, which means that crypto earnings won’t be subject to capital gains taxes based on Panama's territorial taxation system.

“The idea is to just respect the tradition that Panama has already had for many years, where the country taxes what happens inside of its borders, and the internet is obviously not in any country's borders,” crypto entrepreneur Felipe Echandi said. Echandi assisted Silva in drafting the bill.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • GiselaUR1
  • 2022.05.26 21:58:57
Let me introduce myself I'm Gisela Ursula from Berlin A friend of mine recommended Wizard Brixton to me when I had issues with my Investment. I invested with a broker trade site where I ended up paying more just to withdraw my profit which I paid capital for.
After being convinced of paying 7 times the fee I noticed it is all fraud and these scammers never give up until one has to stop by itself. I lose €305,391.04 Euro to this bitcoin trade broker's scam after I noticed I was being used and scammed I asked for help from a friend called Günter Karl she referred me to Wizard Brixton and I wrote to wizardbrixton AT Gmail DOT com and then explained everything to him, he responded fast and I decided to work with him, in less than 72 hours I received my lost funds. All thanks to Wizard Brixton who gave me back my life again. WhatsApp Wizard Brixton (+1) (807)/ 234. 0428
  • 0
  • ·
  • 0
  • BarbaraEckman
  • 2022.05.22 01:11:07
I WAS ACTUALLY FOOLED AND SCAMMED ( $753,000 ) by someone I trusted with my funds through a transaction we did and I feel so disappointed and hurt knowing that someone can steal from you without remorse after trusting them, so I started searching for help legally to recover my stolen funds and came across a lot of Testimonials about WIZARD GARRY, an agent who helps in recovery lost funds, which I can tell has helped so many people who had contacted him regarding such issues and without a questionable doubt their funds was returned back to their wallet in a very short space of time, it took the expert 48hours to help me recover my funds and the best part of it all was that the scammers was actually located and arrested by local authorities in his region which was very relieving. Hope this helps as many people who have lost their hard earn money to scammers out of trust, you can reach him through the link below for help to recover your scammed funds and thank me later.
Email Address: [email protected]
Or WhatsApp: +15163299814... website: https://wzardgarryspeedhac.wixsite.com/my-site-1
  • 1
  • ·
  • 0
  • HUGGS2020
  • 2022.05.16 22:35:50
MILLIONAIRE EXCHANGE . ORG MILLIONAIRE EXCHANGE . ORG IS A HIGHLY RATED PLATFORMS, THAT HAS BEEN GIVING EXPERIENCED AND NON EXPERIENCED INVESTORS INSIGHTS AND OPPORTUNITIES TO MAKE AND EARN MASSIVE BITCOINS .
SO FAR SINCE I'VE BECOME PART OF THIS FAMILY MYSELF , COLLEAGUES AT WORK AND EXTENDED COLLEGE MATES HAVE BEEN GROWING EXTRA SAVINGS AND I WANT TO RECOMMEND THIS POTENTIAL INITIATIVE TO WHOLE WIDE WORLD.
JOIN >PICK A PLAN > DEPOSIT ON YOUR ACCOUNT > EARN DOUBLE ON ALL YOUR PLANS AND IF YOU CAN DO THIS RIGHT AWAY YOU GET FREE $500 WORTH OF B T C . THIS WILL BE GIVEN TO THE VERY FIRST (10) INVESTORS. MillionaireExchange.org
  • 0
  • ·
  • 0
  • Dresner
  • 2022.05.13 20:56:21
Cryptocurrency theft is rampant these days. Bitcoin investment is meant to be smooth and direct but a whole lot of people have turned it to a means of depriving innocent people of their hard earned money. In a situation like this, all you need is a proper recovery company to help you recover your Bitcoin. Bitcoin recovery is very possible so far as you’re making use of a very good professional and reliable hacker. Many companies out there can help you recover your Crypto but it’s better and more advisable you make use of a tested and trusted hacker to help you get it done. Backendrecover At  Rescueteam dot Com is a recovery expert that can help you. He helped me when I lost about 5.07BTC to a wrong investment website and went further to fix my credit report which was the actual reason I contacted him.
  • 0
  • ·
  • 0
  • HUGGS2020
  • 2022.05.11 00:04:05
"Have you gotten yourself involved in a cryptocurrency scam or any scam at all? If yes, know that you you are not alone, there a a lot of people in this same situation. Get in touch with PAYBACK REFUND , COM they have successfully helped High numbers of victims of a crypto loss . what app +1 980 216 4893
  • 0
  • ·
  • 0
  • Jagosjan887
  • 2022.05.09 22:01:56
Good post. Someone stole $70,000 from me once (crypto). It took me 1 month with the help of B A C K E N D R E C O V E R at R E S C U E T E A M dot C O M and a bunch of stress to finally get it back but it was a learning experience. Ever since then I have had to tighten up my online presence. If anyone reading this has a similar issue, I recommend using them to recover your lost funds.
  • 0
  • ·
  • 0
  • laylacole
  • 2022.05.08 08:57:46
Special thanks to HACK VANISH, a professional hacker I’ve been hiring for the past 2 years because, I find him to be an outstanding hacker who has aided me in various hacking related issues, ranging from fixing my poor FICO credit score of about 437 TransUnion, 462 Equifax to 802 plus excellent score, tracking my cheating husband’s phone and currently has helped me recover my lost crypto funds from an online scam investment I recently ventured into, I must confess he is the best, quite brilliant, ever since I discovered him through a positive review I saw on Wallet Hub and reached out to him via Email: HACKVANISH @ GMAIL. COM, and Phone: +1(747) 293-8514, to which he responded in less than 10mins, I have never regretted working with him, he’s been quite helpful and highly efficient. I Would recommend his services to anyone without hesitation.
  • 0
  • ·
  • 0
  • firmwarehacks
  • 2022.05.07 22:42:57
?Binary scam recovery
?lost loan money recovery
?money laundry recovery
?Device hack
?Bank issues
?Access to school/company/fellowship/organization files
?Lost cars tracking
?fraud payment
?Access to cheating husband/wife device
?extending and subtracting of stamped file concerning a giving end line period of time
?tracing and recovering lost emails/conversations/contacts / and accessories
ETC
[email protected]
[email protected]


AS LOMG AS ITS TECHNOLOGY IT WILL BE HACKED , with firmwarehacks service you can get all of this and more done !!


❌ Binary Option, Forex and their likes are a means of making money but it’s more like gambling. There are no sure means to guarantee that a person could make profit with them and that’s why it can also be reasoned to be scam. Let’s not forget that some individuals even give you ? % guarantee of making profits and end up running away with your money. The internet today is full of Binary Option Recovery Scam, you see so much testimonies been shared about how a firm or Company helped them recover what they lost to Binary Options. But believe it, it’s just a way to lure more people and end up scamming them.

❌ You might have also come across some individuals that say they will give you guarantee on successful trades but they only end up as SCAMMERS as well. You here them say stuffs like 200% guaranteed in just 2 weeks and when you go into trade with them, they start telling you to pay profits percentage before you can get your income. These are all liars please avoid them. But if you have been a victim of this guys, then you should contact FIRMWARE now‼️

✳️The big Question is “Can someone Recover their money lost to Binary Option and Scam⁉️
I will say yes, and will tell you how.

The only way to Recovery your money back is by hiring HACKERS to help you break into the Firms Database Security System using the information you provide them with, Extract your file and get back your money. It seems like a really impossible thing to do, I will tell you, it should be impossible, but with the use of specially designed softwares known to HACKERS and Authorities (such as The FBI, CIA e.t.c) it is possible and the only way to recover your money.

✅FIRMWARE are a group of hackers who use their hacking skill to hunt down SCAMMERS and help individuals recovery their money from Internet SCAMMERS.
We just need the contact details of the SCAMMERS and Paymnet Info and within 4-8 hours your money will be return to you.

✳️ You can contact us via the emails below-:
[email protected]
[email protected]
2022 ©️ All right reserved ®️
  • 0
  • ·
  • 0
  • firmwarehacks
  • 2022.05.07 02:37:12
?Binary scam recovery
?lost loan money recovery
?money laundry recovery
?Device hack
?Bank issues
?Access to school/company/fellowship/organization files
?Lost cars tracking
?fraud payment
?Access to cheating husband/wife device
?extending and subtracting of stamped file concerning a giving end line period of time
?tracing and recovering lost emails/conversations/contacts / and accessories
ETC
[email protected]
[email protected]


AS LOMG AS ITS TECHNOLOGY IT WILL BE HACKED , with firmwarehacks service you can get all of this and more done !!


❌ Binary Option, Forex and their likes are a means of making money but it’s more like gambling. There are no sure means to guarantee that a person could make profit with them and that’s why it can also be reasoned to be scam. Let’s not forget that some individuals even give you ? % guarantee of making profits and end up running away with your money. The internet today is full of Binary Option Recovery Scam, you see so much testimonies been shared about how a firm or Company helped them recover what they lost to Binary Options. But believe it, it’s just a way to lure more people and end up scamming them.

❌ You might have also come across some individuals that say they will give you guarantee on successful trades but they only end up as SCAMMERS as well. You here them say stuffs like 200% guaranteed in just 2 weeks and when you go into trade with them, they start telling you to pay profits percentage before you can get your income. These are all liars please avoid them. But if you have been a victim of this guys, then you should contact FIRMWARE now‼️

✳️The big Question is “Can someone Recover their money lost to Binary Option and Scam⁉️
I will say yes, and will tell you how.

The only way to Recovery your money back is by hiring HACKERS to help you break into the Firms Database Security System using the information you provide them with, Extract your file and get back your money. It seems like a really impossible thing to do, I will tell you, it should be impossible, but with the use of specially designed softwares known to HACKERS and Authorities (such as The FBI, CIA e.t.c) it is possible and the only way to recover your money.

✅FIRMWARE are a group of hackers who use their hacking skill to hunt down SCAMMERS and help individuals recovery their money from Internet SCAMMERS.
We just need the contact details of the SCAMMERS and Paymnet Info and within 4-8 hours your money will be return to you.

✳️ You can contact us via the emails below-:
[email protected]
[email protected]
2022 ©️ All right reserved ®️
  • 0
  • ·
  • 0
  • MichealThiago
  • 2022.05.06 13:39:52
MASON WEST Credit Repair was referred to me by my Realtor, and I couldn’t be happier. MASON WEST removed the derogatory items from my report and boosted my score to a high score. I was surprised by chapter 7, eviction and credit debts were cleared in less than 7 days. He also assisted my brother to repair his credit and they did an amazing job MASON WEST really worked with us and made it easy. I would recommend [email protected] my family and friends. Thank you
  • 0
  • ·
  • 0
  • Heatherw
  • 2022.05.04 13:43:35
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.([email protected]) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union/MoneyGram Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com
  • 0
  • ·
  • 0
  • Heatherw
  • 2022.05.04 13:22:39
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.([email protected]) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union/MoneyGram Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com
  • 0
  • ·
  • 0
  • Heatherw
  • 2022.05.04 13:22:38
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.([email protected]) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union/MoneyGram Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com
  • 0
  • ·
  • 0
  • Heatherw
  • 2022.05.04 13:22:36
GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735

I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.([email protected]) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union/MoneyGram Transfer Hack

* Bank Transfer Hack

* PayPal / Skrill Transfer Hack

* Crypto Mining Hack

* CashApp Transfer Hack

Email: [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com
  • 0
  • ·
  • 0
  • Kaestner
  • 2022.05.03 11:57:50
For some months now I've been hearing of lost Bitcoin recovery,I thought it wasn't possible to achieve, but now I believe there are skilled individuals in the tech industry who have perfected the act of lost Bitcoin recovery. Backendrecover at Rescueteam  d o t C o m is a king in the game of Lost Bitcoin and Binary Options scam money recovery. I call him king because he helped me recover my Bitcoin which I lost to some online scammers.
  • 0
  • ·
  • 0
  • Kaestner
  • 2022.05.03 11:53:14
For some months now I've been hearing of lost Bitcoin recovery,I thought it wasn't possible to achieve, but now I believe there are skilled individuals in the tech industry who have perfected the act of lost Bitcoin recovery. Backendrecover at Rescueteam  d o t C o m is a king in the game of Lost Bitcoin and Binary Options scam money recovery. I call him king because he helped me recover my Bitcoin which I lost to some online scammers.
  • 0
  • ·
  • 0
  • MichealThiago
  • 2022.05.02 12:15:47
I discovered I had some negative items on my credit profile which as deprive me from buying a new home for me and my family, after being transferred to Texas. I try all the best I could to get rid of the negatives (tax lines, bankruptcy, student loan and utility bills) but all my effort was a waste. So I decided to seek for better solution, why on the search I came across this review about TROVIAN CREDIT SPECIALIST, I contacted them immediately [email protected] \ +1 (424) 307 4562 and explained to them about my predicament and they gave some encouraging words, and after that they got started with the job. To my greatest surprise they cleared all the negatives on my profile and also raise my credit score to 799plus excellently. Now I and my family are living in a comfortable home all thanks to TROVIAN. If you have any related issues kindly reached out to them.
  • 0
  • ·
  • 0
  • MichealThiago
  • 2022.05.02 12:14:49
I discovered I had some negative items on my credit profile which as deprive me from buying a new home for me and my family, after being transferred to Texas. I try all the best I could to get rid of the negatives (tax lines, bankruptcy, student loan and utility bills) but all my effort was a waste. So I decided to seek for better solution, why on the search I came across this review about TROVIAN CREDIT SPECIALIST, I contacted them immediately [email protected] \ +1 (424) 307 4562 and explained to them about my predicament and they gave some encouraging words, and after that they got started with the job. To my greatest surprise they cleared all the negatives on my profile and also raise my credit score to 799plus excellently. Now I and my family are living in a comfortable home all thanks to TROVIAN. If you have any related issues kindly reached out to them.
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $28,848.00 (-0.25%)
  • Ethereum (eth) $1,760.74 (-0.63%)
  • USD Coin (usdc) $1.00 (+0.03%)
  • BNB (bnb) $301.47 (+0.44%)
  • XRP (xrp) $0.383817 (-2.19%)
  • Bitcoin (btc) $28,848.00 (-0.25%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.