Panama's capital to accept crypto for taxes, municipal fees

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Coin Telegraph 2d ago

Panama's capital to accept crypto for taxes, municipal fees - Coin Telegraph

Quick Summary:

Panama’s capital city will accept cryptocurrency payments for taxes and municipal fees, including bus tickets and permits, Panama City mayor Mayer Mizrachi announced on April 15, joining a growing list of jurisdictions globally that have voted to accept such payments.

Panama City joins a growing list of global jurisdictions on the municipal and state level accepting cryptocurrency payments for taxes, exploring Bitcoin strategic reserves to protect public treasuries from inflation and passing pro-crypto policies to attract investment.

Source: Mayer MizrachiRelated: New York bill proposes legalizing Bitcoin, crypto for state paymentsMunicipalities and states embrace digital assetsSeveral municipalities and territories around the globe already accept crypto for tax payments or are exploring various implementations of blockchain technology for government spending.