Panama City Makes History: First Municipality to Accept Crypto for Government Payments

Panama City has taken a major step forward by becoming the first municipality to accept cryptocurrency for government payments. Mayor Mayer Mizrachi, a proponent of crypto technologies, leads this initiative that uses a bank-to-USD conversion system to ensure compliance with legal requirements. Residents can now pay taxes in Bitcoin (BTC), Ethereum (ETH), USDC, and USDT. This pioneering move positions Panama City at the forefront of municipal cryptocurrency adoption and could influence broader regulatory reforms.