The Panama City Council has voted to allow citizens to pay taxes, fines, fees and permits using cryptocurrencies.
What Happened: The initiative was spearheaded by Panama City Councilman and tech entrepreneur Mayer Mizrachi, who confirmed the development in a public post on Tuesday.
The policy covers a range of widely used digital assets including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and stablecoins (CRYPTO: USDC) and (CRYPTO: USDT).
According to Mizrachi, this milestone was achieved without requiring new legislation, a key differentiator from previous failed efforts.
“Prior administrations tried to push a bill in the senate to …Full story available on Benzinga.com
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