Key Takeaways
- Panama Metropolis mayor hinted at a Bitcoin reserve after El Salvador assembly.
- Town already handed a coverage to simply accept Bitcoin for public funds.
- Formal plans or legislative steps for a reserve haven’t been introduced.
Panama Metropolis Mayor Mayer Mizrachi has signaled attainable plans to create a Bitcoin reserve on the metropolis stage after assembly with El Salvador’s high Bitcoin advocates, Max Keiser and Stacy Herbert.
On Could 16, Mizrachi posted the phrase “Bitcoin Reserve” to X, with out providing additional context.
Discussions with Bitcoin advocates
The submit adopted discussions between Mizrachi, Keiser, and Herbert, the place they reportedly coated matters comparable to Bitcoin mining, renewable power, and monetary schooling.
Keiser later commented that Panama’s hydro-electric assets and El Salvador’s geothermal power may assist energy Bitcoin’s development throughout Central America.
Adoption of Bitcoin literacy
Herbert added that Panama Metropolis would undertake El Salvador’s Bitcoin monetary literacy textbook What’s Cash? into its on-line library system.
Hypothesis forward of Bitcoin convention
Though Mizrachi hasn’t launched formal particulars or coverage proposals, the timing of the submit — simply days forward of his look on the Bitcoin 2025 convention in Las Vegas — has added to hypothesis.
Coverage alignment and implementation
The idea aligns with a lately handed coverage in Panama that permits for public funds, together with taxes and municipal charges, in Bitcoin, Ether, and stablecoins.
Mizrachi has beforehand confirmed that the town will assist such funds as soon as crypto-to-fiat rails are carried out.
Legislative coordination required
Making a city-level Bitcoin reserve would require coordination with Panama’s Nationwide Meeting.
No legislative efforts have been confirmed.
Broader context of Bitcoin reserve initiatives
Mizrachi’s feedback come amid related Bitcoin reserve initiatives in U.S. states like Arizona and New Hampshire, and growing curiosity from nations like Ukraine.