Thursday, September 23

Panama is working on a proposal to embrace Bitcoin and other cryptos in the country. The announcement came after El Salvador’s move to make Bitcoin a legal tender. Paraguay too is following El Salvador’s lead.

[ad_1]
szkC52ooN4l BvLzHRasxJafglvBuh77Lbq WCZCu6M

Panama is working on a proposal to embrace Bitcoin and other cryptos in the country. The announcement came after El Salvador’s move to make Bitcoin a legal tender. Paraguay too is following El Salvador’s lead.

[ad_2]

View Reddit by ShawnaWestby – View Source

21 Comments

  • darkstarman

    Already the IMF is bitching and moaning “we’re being disrupted”

    These are sovereign countries.

    Suck a bag of dicks IMF!

  • Xiaoxiaozhen

    This will be a stepping stone for other countries around the world to legalize cryptocurrencies

  • CryptoBaub

    I have to assume Mossack Fonseca customers are already deep into crypto for diversification and privacy. This just extends the options to the streets?

  • AnnualChapter

    That is certainly good news to hear. I really hope other countries would follow suit. DeFi is definitely the future!

  • btc_clueless

    This is a clickbait bullshit headline from a shitty crypto news site. Sure, that headline sounds amazing but that doesn’t make it true. Why does stuff like this get 96% upvotes without the slightest scrutiny?

    “Panama” implies that it’s the government that is working on such a proposal but it’s really just a single independent politician who is not in the ruling party. It’s great that he wants to work on this but what are the chances that a bill of a single opposition politician gets passed? So yeah, Panama is *not* following El Salvador’s lead just yet (but hopefully one day).

  • AmbitiousInternet986

    This is why it’s so powerful. Adoption will start from the bottom up and by the time the 1% figures out whats going on. The 99% will own their money and the 1% won’t be able to stop it or control it

  • HamanitaMuscaria

    look this is actually really dope but bitcoin is not gonna cut it for mass adoption by nation states, right? like w supply issues, transaction fees, power draw, transaction speed, etc

  • Shad0wTaint

    So we can still buy AK47s like we always have back from El Salvador but now it will be on the books. Lol

  • SereneSpirit2048

    Oh yes so much faith put into the president of El Salvador. This is a smart big brain move.

  • Hendrx_29

    I’m just a little worried that the U.S will be like oh no you’re not. And then ban crypto… lol

Comments are closed.