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The Panamanian capital will accept cryptocurrencies to pay taxes and municipal fees
Panama City Mayor Mayer Mizrachi announced on April 15 that the Panamanian capital will accept cryptocurrencies to pay taxes and municipal fees, including bus tickets and permits, joining a growing number of jurisdictions around the world that have voted to accept such payments. Mizrachi announced on the X platform that Panama City will begin accepting Bitcoin, Ethereum, Circle’s USDC, and Tether’s USDT stablecoins as payment methods once the crypto-to-fiat payment track is established. Mizrachi said previous administrations had tried to push through similar legislation, but failed to go beyond the requirement for local governments to accept dollar-denominated funding.