MicroStrategy's Significant Bitcoin Impairment Losses May Mislead: Berenberg
Turkish Crypto Exchange Thodex CEO Faruk Özer Sentenced to 11,196 Years in Prison for Collapse
DeFi and Credit Risk
On Thursday, the Panamanian Legislative Assembly's economic affairs committee passed legislation governing the usage of cryptocurrencies in the Central American country.
- According to Congressman Gabriel Silva, the bill aims to "provide legal solidity to crypto assets in Panama" and "grow the crypto business in the country to attract more investments and generate more employment." It also intends to have the Panamanian government use blockchain technology "to promote openness and efficiency in procedures," he said.
- Following committee approval, the bill must now be debated by the full Assembly during a second discussion - when it might be modified further – and then evaluated in a third and final session. Following the parliamentary procedure, Panamanian President Laurentino Cortizo has the option of vetoing or signing the bill.
- Silva tweeted on Thursday that the original text he presented had been edited, but he did not indicate what had been changed. "It can be improved for me," he said in a tweet.
=====
Related Video:
