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Panama Moves To Legalize Bitcoin Nationwide As Trump's Pro-Crypto Policies Fuel Global Adoption

  • Panama City Mayor Mayer Mizrachi hinted at creating a city-level Bitcoin reserve after meeting El Salvador’s Bitcoin leaders on May 16, 2025.
  • The move follows recent Bitcoin reserve bills in U.S. States and Panama’s newly approved measure to allow crypto public payments pending crypto-to-fiat systems.
  • Mizrachi and El Salvador advisors Max Keiser and Stacy Herbert discussed Bitcoin mining, education, and sustainable energy models inspired by El Salvador’s geothermal approach.
  • El Salvador has accumulated a Bitcoin reserve comprising 6,179 BTC, valued at close to $640 million, while Panama City is considering allowing the use of BTC, ETH, USDT, and USDC for tax payments once the necessary conversion infrastructure is established.
  • Panama City’s potential Bitcoin reserve suggests regional crypto adoption growth, but final legislative steps and implementations remain pending.
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Cointelegraph broke the news in on Saturday, May 17, 2025.
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