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- Panama City will begin to accept BTC, ETH, USDC and USDT for tax and city fees.
- Panama City Mayor noted that the railway approach to the cryptocurrency was the best option in the midst of the delay of legislation.
Panaman capital will begin to accept the crypto payment for tax and other services associated with the City. Payments will include Bitcoin (BTC)Ethereum (ETH), USDC) and Tether (USDT).
UX (earlier Twitter) Post 15. April, Mayor of Panama City, Mizrachi Matalon, specified,,
“Citizens will now be able to pay taxes, fees, tickets and permits completely in cryptocurrencies, starting with BTC, ETH, USDC -Ai USDT.”
However, the mayor noticed That crypto payments will be converted directly into US dollars through partner banks without the need for additional cryptocurrency by legislation.
He added that the previous administrations did not adopt the crypto payments, but the use of the cryptocurrency-fiat latch could help bypass.
Growing acceptance of bitcoin, altcoin
Payments and adoption of cryptocurrencies increase in several global territories and cities.
For example, in the town of Lugano, Switzerland, BTC and USDT payment, they began in December 2023 for tax and other compensation related to the City.
In December 2024, the Canadian Vancouver followed Lugan’s steps and announced the integration of the BTC its financial system to support even tax payments.
In fact, even the US states Colorado and North Carolina explored similar crypto payments.
In addition, other countries like Vanuatu accept Bitcoin for citizenship applications and integrate it with their immigration payments.
However, some jurisdictions called the adoption of cryptocurrencies. In El Salvador, the amended Bitcoin Act in early 2025 effectively abolished tax payments by BTC.
Accordingly, most experts have projected massively Adoption of stabiblecoinincluding payments, if the US comes on a common account in the summer.
