ChainCatcher reports that, according to The Block, Panama City Mayor Mayer Mizrachi Matalon posted on X platform on Wednesday that the Panama City government has approved the use of cryptocurrencies to pay taxes, fees, fines, and licenses. Local media confirmed that the city will accept Bitcoin, Ethereum, USDC, and USDT. Mizrachi stated that the Panamanian capital will implement this policy by converting cryptocurrencies to US dollars when making payments through a partner bank, without the need to establish new laws.
Panama’s Capital City to Accept Cryptocurrency for Taxes, Licenses, and Fines
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