Panama City Embraces Crypto: First Government to Accept Bitcoin & More for Public Services

In a groundbreaking move, Panama City has become the first government body in the country to embrace crypto payments for taxes, fees, fines, and permits. Residents can now utilize Bitcoin (BTC), Ethereum (ETH), USDC, and USDT for these transactions. This initiative is supported by a banking partnership, converting digital assets to U.S dollars in real-time, ensuring legal compliance without direct asset holding.