The mayor of Panama, Mayer Mizrashi, has alluded to a potential protected initiative for Bitcoin after high -level discussions with encryption fans.
Mizrachi “Bitcoin Reserve” posted on X after meeting with El Salvador Bitcoin headquarters Max Kaiser and Story Herbert. Keizer is also Nayib Bukele, while Herbert controls Bitcoin’s office in the country.
While he stopped announcing a concrete policy, his statements strongly indicate that the Panama city government is in the city of Ban, while exploring the idea of keeping Bitcoin in the treasury reserves. This step indicates increasing interest among Latin American leaders in integrating bitcoin into public financial strategies.
Panama can combine some financial literacy books in El Salvador
Mizrachi did not reveal what he discussed with Keizer and Herbert. However, its X and Keizer indicator indicates that the trio discussed the possibility of Bitcoin reserves in Panama and future mining mining.
According to Keizer, it is clear that the two countries want to follow the renewable energy sources of BTC mining operations. Keser books“Bitcoin transforms Central America. The electrical will in El Salvador, the electromagnetic will in Panama, operates the Bitcoin Revolution.”
In addition, Herbert I mentioned Panama Salvador will merge “what is money” Financial literacy textbooks In its new digital libraries, adding that the BTC block in Central America is growing.
Kaiser and Herbert Al Salvador helped in formula and implement Bitcoin’s policy. The country now has 6,179 bitcoins in its reserves, which is currently valued at more than $ 640 million.
Panama has already incorporating digital assets into its payment system
The BTC’s exact Mizrachii suggestion is closely with the Bitcoin 2025 conference, and now only 11 days away. The conference is expected to attend in Las Vegas.
If he intends to follow up on BTC reserves, he will need to work with members of the National Assembly in the country to draft a bill. However, so far, nothing indicates that he did it.
Meanwhile, states such as Arizona and New Hampsuire in the United States have already agreed to create bitcoin reserves at the state level. Moreover, Ukraine is approaching the development of its National BTC Reserve.
According to modern reports, Panama City Council has already accepted the digital assets in the payment system. Residents can pay taxes, fines, permits and municipal fees in many encryption and stablecoins.
According to the city’s officials, the acceptance of encrypted currencies for payments will lead to enhancing transparency in municipal financial operations and helping Panama to develop encryption and innovation.
The City Council cooperated with a bank that immediately converts the digital assets received into US dollars to meet all legal requirements. According to Mizrachi, this process guarantees compliance with current financial regulations and enables smooth transactions for both users and local government.
Other cities such as Logano in Switzerland and Mandoza in Argentina have implemented systems to accept encryption in exchange for tax payments and fees.
The mayor of Panama city, Mayer Mizrashi, said in a X post. Under the new law, the local population can pay the price of taxes, tickets, permits and fees with many digital assets, ranging from Bitcoin, Ethereum, USDC and Tether (USDT).
However, there is no clarity on whether Panama City will accept other types of digital assets in exchange for public services.
This step is a noticeable shift in Panama’s sophisticated position on encryption, although it was not always smooth.
In 2022, President Laureenteno Cortezo objected to a land encryption bill that sought to regulate Bitcoin and legitimacy to decentralized independent organizations (DAOS). The draft law has returned to the National Association for Reviews, noting the concerns that it should be compatible with the regulations of the financial system in Panama.
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