Krutika Adani
Panama City now accepts Bitcoin, Ethereum, USDC, and USDT for public services like taxes, permits, and fees.
Mayor Mayer Mizrachi announced the move on X, revealing that the city found a legal workaround to accept crypto without new national legislation.
The city will partner with crypto-friendly banks to convert digital assets to fiat, ensuring smooth operations for government offices.
Panama City joins a growing list of governments—like El Salvador and Swiss municipalities—that are integrating crypto into public finance.
Despite past roadblocks—including a 2022 crypto bill veto—this move signals a more open approach to blockchain innovation in Panama.