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Panama City Approves Bitcoin And Crypto Payments for Taxes, Fees, & Permits

submitted by dosvydanya_freedomz to Technocracy 1 weekApr 18, 2025 14:23:44 ago (+4/-0)     (www.zerohedge.com)

https://www.zerohedge.com/crypto/panama-city-approves-bitcoin-and-crypto-payments-taxes-fees-permits

“Panama City council has just voted in favor of becoming the first public institution of government to accept payments in Crypto. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, USDT.”

“We will soon become the first public institution in the country to allow payment for municipal services in cryptocurrency, through an authorized bank that will be responsible for converting the proceeds into dollars for the Mayor’s Office.”

“Deal’s being signed next week at the Blockchain conf in Panama. Look out for signing of the deal next week.”

panama city,panama


5 comments block

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[ - ] Crackinjokes 1 point 1 weekApr 18, 2025 18:04:54 ago (+1/-0)

Get some Bitcoin while you still can.

It's obvious it will become one of the worlds reserve currencies.

Imagine being able to buy a piece of the federal reserve back in the beginning.

This is like that.

[ - ] TheOriginal1Icemonkey 1 point 1 weekApr 18, 2025 17:20:48 ago (+1/-0)

Just as fake and ghey as our paper money.

[ - ] dosvydanya_freedomz [op] 0 points 1 weekApr 19, 2025 10:50:53 ago (+0/-0)

indeed

[ - ] FreeinTX 0 points 1 weekApr 18, 2025 14:47:49 ago (+0/-0)

That's awesome for crypto holders, but don't be giving your bitcoin to the gubbermints.

[ - ] dosvydanya_freedomz [op] 0 points 1 weekApr 18, 2025 14:26:22 ago (+0/-0)

from the comments


2 minutes ago
remove
I think everybody in Panama who can pay the government in crypto should do so. Why? Because, eventually, all cryptos, including Bitcoin, are going to zero. Give government something that allegedly has value now that will be worthless later.




THIS IS PRETTY FUNNY! I retired to Panama years ago. Great country with very friendly people. However, they can barely keep the electricity on and have problem with very simple things like how to build a proper road. This seems way past their competence level.




1 minute ago
(Edited)
remove
Bitcoin isnt anonymous so it will end up being worse as far as trackability is concerned and yes this is an attempt to get westerners to abandon cash for something more easily trackable.