The Panamanian government passed a law to regulate digital currencies

Panama's National Assembly has approved a bill regulating the circulation of cryptocurrencies within the country.

The main points of the document are:

✅Regulation of trade.

✅The use of cryptoassets

✅The issuance of digital value

✅Tokenization of precious metals and other assets

✅Payment systems

Congressman Gabriel Silva stressed that legalizing cryptocurrencies would help Panama become "the center of innovation and technology in Latin America."

He added that most of the citizens of Panama are not covered by the banking system, but this initiative should rectify the situation