@emmanuella
According to Foresight News, Panama has published a draft bill aimed at regulating cryptocurrencies and promoting the development of blockchain services. The bill recognizes digital assets as a legal means of payment and allows their use in commercial and civil contracts.
The draft authorizes the use of Bitcoin, Ethereum and stablecoins to purchase goods, pay for services and settle debts with the consent of both parties. Create a regulatory framework for virtual asset service providers, requiring registration and authorization.
The bill requires compliance with the Financial Action Task Force's KYC and anti-money laundering guidelines, and unregistered or non-compliant entities may face administrative or criminal penalties.
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