Alternate agent Gabriel Solis recently presented a preliminary bill to the Parliament in Panama to establish a regulatory framework for cryptographic actions.
As is usually the case with this type of initiative, it was presented about the possibility of creating employment and attracting foreign investment. In his short link, Solis pointed out that. Cryptocurrency is no longer a technology of the future, it is the reality of the present.and argued that several Latin American countries are making progress in creating regulatory frameworks. “Panama will not be left behind,” the official said.
«I present this fully foresightful law that seeks to create a regulatory framework for the use of cryptocurrency in Panama and the promotion of the digital economy. We are not talking about the future, we are talking about the present. We are developing these technologies that provide legal certainty and transparency, and seeking to ensure the arrival of investment and economic growth. We want to sow incentives for innovation and entrepreneurship in these financial sectors… Panama is not only a technology hub due to its geographical status, but also a country that could become a true reference in this field »
Gabriel Solis, substitute agent.
That’s what you need to be careful about This is not the first initiative on digital assets presented in the Panama agent’s meeting room. In 2022, a project was proposed to define the legal foundations for cryptocurrencies, certified tokens and digital wallets and establish regulations on exchanges. A few months ago, former Deputy Deputy Cenobia Vargas had presented her own scheme to regulate cryptographic actions as a payment method.
One of the most popular cases occurred in 2022 with a SO called “cryptography” promoted by Gabriel Silva. The initiative was approved at the third debate in the Panama Parliament, but was later rejected by the current former President Laurentino Cortizo.
Panama’s crypto-active regulations It’s not just limited to legislative debate. From the financial sector, experts and risk capitalists agree with the need to establish a regulatory framework that provides security and attracts investment. In a conversation in October 2024, expert Alfredo Muñoz emphasized that regulations not only provide greater oversight, but also optimize transaction efficiency.
If Panama can establish clear rules for using cryptocurrency, there is a great opportunity to modernize its payment infrastructure. This will allow more citizens and businesses to access financial services without relying on traditional banking systemsreduce costs and speed up transactions. In this context, the Salvador experience could serve as a reference to developing regulations that promote innovation without compromising economic stability.
(tagstotranslate) Cryptocurrency
