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Is Panama About to Become LATAM’s New Crypto Republic? Everything to Know About the Crypto Regulation Bill

  • A draft crypto regulation bill has been submitted in Panama that aims to create a legal framework for crypto assets.
  • The bill proposes voluntary acceptance of crypto payments and requires virtual asset service providers to register and obtain licenses.
  • If passed into law, Panama could become a major crypto hub in Latin America and set a trend for other countries in the region.
  • However, concerns over anti-money laundering measures and external pressures could impact the implementation and enforcement of the bill's provisions.

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