Panama
Bitcoin Countries
Panama passed the Crypto Law in April 2022, recognizing Bitcoin and other cryptocurrencies as payment methods and establishing a regulatory framework for digital assets. While the law was later vetoed by the president over AML concerns, Panama remains an important hub for Bitcoin businesses in Latin America due to its dollarized economy, low taxes, and financial services infrastructure. The country has a high Bitcoin adoption rate relative to its size.
Details
- Status
- proposed_vetoed
- Notable
- Crypto Law passed April 2022 but presidential veto; dollarized economy, Bitcoin hub in Latin America
- Legislation
- Crypto Law (2022, vetoed)
Links
More Bitcoin Countries
El Salvador
First country to adopt Bitcoin as legal tender (June 2021). Holds 7,508+ BTC in state treasury (as of Dec 2025). Built Bitcoin City, Chivo wallet, and volcanic geothermal mining operations.
Switzerland
Crypto-friendly regulatory framework with some cantons accepting Bitcoin for tax payments. Home to 'Crypto Valley' in Zug. Clear legal framework for digital assets and Bitcoin businesses.
United Arab Emirates
Emerging crypto hub with dedicated free zones for digital asset businesses. Dubai and Abu Dhabi have established virtual asset regulatory frameworks. Growing institutional Bitcoin adoption.
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