Panama’s Supreme Court to rule on cryptocurrency legislation
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Panama’s crypto bill saga has reached a new chapter, with the country’s Supreme Court deciding the future of the local crypto industry. Panama’s President Laurentino Cortizo sent on Jan. 26 the Bill No. 697, dubbed the “crypto bill,” to the high court for review and approval, after objecting to the legislation, claiming it violated the constitution’s core principles and was unenforceable. The Supreme Court must now decide whether to declare the legislation unenforceable or to approve it with modifications. According to an official statement, the government considers articles 34 and 36 of the bill unenforceable, since they violate the state’s
On April 28, Central American country Panama unanimously passed a bill (40-0) to legalize the use of crypto assets in the country. The crypto regulation bill will come into force after Panama’s... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…
If Panama’s president approves the project, citizens will be able to use crypto for everyday purchases and tax payments The law aims to promote “the use of distributed ledger technology” in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go…
President Cortizo said the bill requires amendment in accordance with the country’s banking regulations Panama is attempting to solidify its image as a technology innovation hub within the majority... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…