Panama City Don Dey Use Bitcoin More: E Go Cover Tax Money, Bank Something, And Even Canal Fit Join
Panama City don dey carry go with how dem go fit put Bitcoin (BTC) inside dia public and money matter systems, just like El Salvador do. Wetin new don happen be say, city council don make law wey go allow residents pay dia taxes and other fees for town with Bitcoin. Third parties go process di payments and dem go change am to US dollars sharp sharp, so dem no go need national law reform. Government banks like Caja de Ahorros and Tower Bank dey plan to bring in services like Bitcoin savings accounts and trading. Dis one show say Panama get about $5 billion annual BTC trading volume. Dem still dey consider to collect Bitcoin for Panama Canal fees to make cross-border work easy. Di way dem dey do am na step-by-step—first, dem go roll out financial services and digital payments, then dem go collect data, before dem go pursue bigger laws. Other Latin American cities don show interest for dis project, while experts dey talk say make dem educate people on Bitcoin, make crypto regulation strict, and put restrictions on altcoins wey no register. As dis policy experiments dey go on and more people dey use am, Panama dey position itself as one rising crypto hub for di region, wey go likely boost how people dey use Bitcoin normally and help regional economy grow.
Bullish
Panama City dem continue to dey expand how dem dey use Bitcoin for government payments, big banks for di city don start to offer BTC-based savings accounts and trading, and di chance for dem to add Panama Canal fees don show say dem serious to make am normal. Things like dis, especially from government-owned companies and for areas wey crypto interest dey high, normally dey make di asset go up in price by making am more useful, increasing how many times dem dey transact, and making am more legit. Dis move go attract attention from both local and international people, and how Latin America dey push crypto adoption go make people more confident for Bitcoin long-term growth. Even if e never become legal tender, doing am small small with focus on regulation go reduce risks, and dis mean say BTC price fit go up for mid- and long-term.