An independent member of parliament in Panama is forwarding a proposal to make BTC and Ethereum one of the country’s acceptable payment methods. The bill defines BTC and ETH as crypto assets and options for payments that are not mandatory to use. There is a lot of buzz around this bill coming hot on the heels of El Salvador making Bitcoin legal tender.
Soon or later countries will start to legalize crypto and assign institutions to take advantage of it. It might not be like a domino effect -meaning that it might take plenty of time-, but eventually we will be seeing acceptance of crypto in each country one by one.
I hope legislature will think about the basis of crypto law thoroughly and make the right decision.
Bitcoin continues to spread rapidly, even the critics support it from the inside because there is nothing to criticize other than the bullshit of the people in the media.
Bitcoin is rapidly sailing into the future and keeping up is the problem of countries, some will adapt early and some will have to adapt late, but the end result is that they will all have to keep up.
The value and importance of crypto is known by the whole world. Only some people deny it. This is a norm. I know we will hear news like this more often. Governments that are late will regret being late. We are in no hurry, we have been continuing this journey for a long time with our belts tied. I hope we will see the benefit of starting this journey early.
I thought that this road was opened after el salvador and some countries could follow it.
As the deputy who presented the law to the Panamanian parliament said, blockchain offers a great depth for the technology of the future and those who keep up with it. most importantly, it will attract investments to the country with the confidence it gives as the blockchain provides transparency. this will create thousands of new jobs and contribute to the welfare of the country.
keywords...
transparency
trust
Do you know what happens in the absence of these two?
3rd world country
That's what the blockchain will break.
Imagine that the whole world has started to use blockchain with great speed and has a transparent and reliable system.
Why not? I think everyone should be free. A market may want to get paid with cryptocurrency. No one should stop him.
Or maybe he doesn't want to use cryptocurrency. He should not be interfered with. Anyone who wants to sell gold, anyone who wants coins, anyone who wants cryptocurrencies. I don't think one has to rule.
But I find the blockchain network very logical for government administration. It's a terrific working system and tax systems are portable. They can carry almost all administrative work. This gives speed and practicality.
I hope it's best for Panama. I don't want any country or people to get hurt. If people are going to be happier, let the old system continue.
I hope for the best for them. Thanks for the nice post.
He will hear this news more and more every day z.ve yes, cryptocurrency can change the fate of this country. I think this bill should be passed as soon as possible.
Anyway, those who are going to do this can benefit a lot more by doing it early.
They need to be convinced of that as soon as possible. It'll be very useful for this country, but anyone who wants to stop it will make history.
Great news. Sure feels like embracing bitcoin and ethereum is a significant power play by these countries that will only take a few more to really push larger countries to follow suit. If countries consider baning it, panama sure looks like a good place to go.
There is a word called unavoidable end, that word must have been said for this article.
they waged a war against crypto but did not win. sooner or later they will have to keep up with crypto.
This is true for the whole world. btc will be more involved in our lives and will be our future.
Soon or later countries will start to legalize crypto and assign institutions to take advantage of it. It might not be like a domino effect -meaning that it might take plenty of time-, but eventually we will be seeing acceptance of crypto in each country one by one.
I hope legislature will think about the basis of crypto law thoroughly and make the right decision.
Thanks for the article.
Bitcoin continues to spread rapidly, even the critics support it from the inside because there is nothing to criticize other than the bullshit of the people in the media.
Bitcoin is rapidly sailing into the future and keeping up is the problem of countries, some will adapt early and some will have to adapt late, but the end result is that they will all have to keep up.
It's great for a country to accept. It doesn't matter, small or large. He will lead and guide.
If there's a coffee shop in El salvador or any other country that accepts it. And if this coffee shop can accept bitcoin, other countries can.
People are afraid to try innovation. Because of this, leadership is very important. With its difficulty and ease, everything will be obvious.
Only time will tell. Hopefully on our side.
Thanks for the article.
Have a nice day.
The value and importance of crypto is known by the whole world. Only some people deny it. This is a norm. I know we will hear news like this more often. Governments that are late will regret being late. We are in no hurry, we have been continuing this journey for a long time with our belts tied. I hope we will see the benefit of starting this journey early.
Thanks for the article.
I thought that this road was opened after el salvador and some countries could follow it.
As the deputy who presented the law to the Panamanian parliament said, blockchain offers a great depth for the technology of the future and those who keep up with it. most importantly, it will attract investments to the country with the confidence it gives as the blockchain provides transparency. this will create thousands of new jobs and contribute to the welfare of the country.
keywords...
transparency
trust
Do you know what happens in the absence of these two?
3rd world country
That's what the blockchain will break.
Imagine that the whole world has started to use blockchain with great speed and has a transparent and reliable system.
Such news signals that states will have to accept Bitcoin. In the near or far future. It will happen.
Why not? I think everyone should be free. A market may want to get paid with cryptocurrency. No one should stop him.
Or maybe he doesn't want to use cryptocurrency. He should not be interfered with. Anyone who wants to sell gold, anyone who wants coins, anyone who wants cryptocurrencies. I don't think one has to rule.
But I find the blockchain network very logical for government administration. It's a terrific working system and tax systems are portable. They can carry almost all administrative work. This gives speed and practicality.
I hope it's best for Panama. I don't want any country or people to get hurt. If people are going to be happier, let the old system continue.
I hope for the best for them. Thanks for the nice post.
Let's knock all the dominoes. Crypto adoption is gonna go through the roof pretty soon
He will hear this news more and more every day z.ve yes, cryptocurrency can change the fate of this country. I think this bill should be passed as soon as possible.
Anyway, those who are going to do this can benefit a lot more by doing it early.
They need to be convinced of that as soon as possible. It'll be very useful for this country, but anyone who wants to stop it will make history.
it's definitely a very valuable article.
I wish I could fly out there. Panama rules!
Great news. Sure feels like embracing bitcoin and ethereum is a significant power play by these countries that will only take a few more to really push larger countries to follow suit. If countries consider baning it, panama sure looks like a good place to go.