The country's National Assembly approved a bill regulating the use of cryptocurrencies
Panama allowed paying taxes in cryptocurrencies, and also legalized trade and their use, the issuance of digital securities and the launch of new payment systems. The corresponding bill was approved by the National Assembly (unicameral parliament) on Thursday, writes Reuters .
“Many different types of crypto assets are emerging, which, for example, include works of art. Therefore, we did not want to be limited only to cryptocurrencies, ”said the author of the bill, Gabriel Silva.
Earlier, the Central Bank of Cuba issued a decree according to which, from May 16, it will begin issuing licenses to legal entities to use cryptocurrencies in economic activities. Licenses will be issued to individuals or legal entities that operate on or off the island, with the possibility of a one-time renewal.
Licenses will be issued to individuals or entities that operate on or off the island, renewable once. The regulation of the use of cryptocurrencies is introduced against the backdrop of the country’s economic problems. Over the past two years, Cuba’s GDP has decreased by 13%.
On April 27, bitcoin became the official means of payment in the Central African Republic. The Central African Republic adopted bitcoin as the second base currency in the world. The same decision was made in El Salvador in September 2021.
