{"id":154005,"date":"2025-03-28T16:00:18","date_gmt":"2025-03-28T14:00:18","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154005"},"modified":"2025-03-28T15:47:39","modified_gmt":"2025-03-28T13:47:39","slug":"panama-pushes-for-blockchain-leadership-with-new-crypto-regulatory-bill","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/panama-pushes-for-blockchain-leadership-with-new-crypto-regulatory-bill\/","title":{"rendered":"Panama Pushes for Blockchain Leadership with New Crypto Regulatory Bill"},"content":{"rendered":"
This initiative<\/a><\/strong> seeks to position the country at the forefront of financial technology in Latin America.<\/p>\n The proposed legislation establishes a legal framework for digital assets, giving them official recognition as a valid form of payment for transactions, including in business and civil agreements. Cryptocurrencies such as Bitcoin<\/a><\/strong>, Ethereum<\/a><\/strong>, and stablecoins would be accepted for purchasing goods, paying for services, and settling debts, as long as both parties involved agree.<\/p>\n A significant part of the bill focuses on the regulation of Virtual Asset Service Providers (VASPs), including platforms for wallets, exchanges, and custody services. These providers will need to register with Panama\u2019s Financial Analysis Unit (UAF) and comply with stringent Know-Your-Customer (KYC) and anti-money laundering (AML) regulations. Non-compliant entities could face penalties or legal action.<\/p>\n