Panama City Becomes First Government To Accept Crypto Payments for Taxes & Fees

In a groundbreaking move, Panama City has become the first public institution of government to accept cryptocurrency payments for taxes, fees, and permits. Starting immediately, residents can settle these obligations using Bitcoin (BTC) and Ethereum (ETH), along with leading stablecoins USD Coin (USDC) and Tether (USDT). This decision bypasses a stalled senate bill previously aimed at legalizing crypto payments and instead utilizes a local bank partnership to facilitate transactions.