Panamanian congressman proposes to legalize cryptocurrencies as a means of payment – Bits Media

Panamanian parliamentarian prepares bill, aimed at legitimizing cryptocurrencies as a means of payment and providing tax incentives to cryptocurrency firms.

After that, as President of El Salvador Nayyib Bukele (Here's to watching) offered to legalize bitcoin in the country, Panama Gabriel Silva, deputy of the Panama parliament, responded to the initiative(Gabriel Silva). He declared, what if Panama intends to become a real center of technology and entrepreneurship, It should follow the example of Salvador and support the introduction of cryptocurrencies.

Silva calculated the offer of the book "Positive, ambitious and interesting ", adding, that Panama could also legalize cryptocurrencies, adapting them to their realities. Thus, Salvador and Panama could arrange a "technological competition", Silva said.

This month, the congressman with his team will begin to interact on this issue with lawyers, government officials, as well as with cryptocurrency companies and traders. Silva did not reveal detailed information about the bill, since its content will depend on negotiations with interested parties.

According to the current Panama Constitution, The government cannot establish certain currencies as a legal payment fund, What can simplify the introduction of bitcoin as a currency. The country officially accepted the US dollar in 1904 year after the currency agreement, prisoner with the USA. Local currency, Panama Balboa, used in the country along with the dollar.

Panama is considered a "tax harbor" for many international companies. Silva said, that Panama has the possibilities for attracting cryptocurrency firms, and is ready to provide them with the necessary work permits and tax benefits. According to Silva, His independent opposition party Bancada Independiente constructively interacts with the ruling party, and earlier he already managed to achieve consent with various initiatives with her.

Silva will discuss the bill on legalization of cryptocurrencies in Panama with various ministries, including with the Ministry of Economics and Finance. The congressman does not count, that the proposal will be approved in three days, How did it happen in Salvador, However, he is positive, as he feels the support of citizens. For the bill to be approved, He must get at least 36 of 71 votes of deputies.