Close Menu
Cryprovideos
    What's Hot

    Cryptocurrency kidnappings: alleged mastermind arrested in Morocco

    June 4, 2025

    Ethereum Consolidates In opposition to BTC – Altseason Hopes Hinge On ETH/BTC Breakout

    June 4, 2025

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Panama Metropolis to Settle for Crypto for Taxes and Public Companies
    Panama Metropolis to Settle for Crypto for Taxes and Public Companies
    Crypto News

    Panama Metropolis to Settle for Crypto for Taxes and Public Companies

    By Crypto EditorApril 18, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    In a transfer positioning Panama Metropolis on the forefront of digital finance in Latin America, Mayor Mayer Mizrachi revealed that town will quickly start accepting cryptocurrency funds for varied public providers, together with taxes, permits, and even bus fares.

    The initiative, introduced on April 15, allows residents to pay utilizing Bitcoin, Ethereum, USDC, and USDT. Whereas the nationwide legislation requires all authorities transactions to be settled in U.S. {dollars}, town has bypassed this hurdle by way of a partnership with a neighborhood financial institution that can immediately convert crypto funds into fiat. This resolution permits town to supply crypto-friendly choices with out altering any current laws.

    Mayor Mizrachi famous that previous administrations tried related efforts however have been blocked by authorized restrictions tied to the nation’s dollar-based public finance system. Now, by integrating real-time conversion infrastructure, Panama Metropolis is carving a compliant path to crypto adoption.

    This transfer aligns Panama’s capital with an increasing roster of cities and areas worldwide embracing blockchain know-how for public finance. Comparable applications have been rolled out in locations like Colorado, which started accepting crypto for state taxes in 2022, and Lugano, Switzerland, which now permits Bitcoin funds for municipal charges. Vancouver and North Carolina are additionally exploring laws and frameworks to incorporate crypto of their official cost methods.

    As jurisdictions throughout the globe experiment with digital asset integration—some even contemplating Bitcoin for treasury safety in opposition to inflation—Panama Metropolis’s sensible, regulation-friendly mannequin might function a template for others navigating the intersection of crypto and public finance.

    Panama Metropolis to Settle for Crypto for Taxes and Public Companies

    Telegram





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025

    XRP Ledger battles inflow of rip-off crypto tasks as Ripple eyes world monetary position

    June 4, 2025

    Crypto Funds Agency MoonPay Secures New York BitLicense – Decrypt

    June 4, 2025
    Latest Posts

    Ethereum Consolidates In opposition to BTC – Altseason Hopes Hinge On ETH/BTC Breakout

    June 4, 2025

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Layer-2 Undertaking Utilizing Fb’s Transfer Language Rallies Arduous as Coinbase Provides Buying and selling Assist – The Every day Hodl

    December 11, 2024

    Insiders Money Out $107,000,000 in Crypto Earlier than Memecoin Backed by Argentinian President Collapsed: Lookonchain – The Day by day Hodl

    February 16, 2025

    Coinbase’s Ethereum staking dominance dangers overcentralization: Execs

    March 28, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.