Panama City to Accept Cryptocurrency for Tax Payments

According to Foresight News, Panama City's Mayor Mayer Mizrachi has announced that the city has officially partnered with one of the country's largest banks to facilitate tax payments using cryptocurrency. Previously, on April 16, the Panama City Council voted in favor of allowing citizens to pay taxes, fees, tickets, and licenses using Bitcoin and other cryptocurrencies. This move marks a significant step towards integrating digital currencies into the city's financial system.