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Home Crypto

Panama City Sanctions Bitcoin and Cryptocurrency for Tax Payments and Fees

by bullnews
April 16, 2025
in Crypto
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Alright, let’s dive into this wild ride of digital currency madness happening in Panama, shall we? Picture this: the Panama City Council just threw everyone a curveball by saying, “Hey folks, how about you start paying your taxes, fines, and whatever else with Bitcoin?” I mean, what a time to be alive, right?

So, there’s this dude, Panama City’s Mayor, Mayer Mizrachi. He’s kind of a big deal now ’cause he’s all over X, you know, the app where Twitter used to live? He’s shouting from the rooftops (or rather, from his keyboard): “Yo, Panama City’s in it to win it! Bitcoin, Ethereum, USDC, USDT—you name it, we’re taking it. Pay your dues in crypto!” This is groundbreaking stuff, peeps—first government institution in Panama to hop on the crypto bandwagon.

Now, Mizrachi’s got this killer plan in play. Spoiler alert: they didn’t write any fancy new law to make this happen. Previous dudes in charge hit snooze on this, but Mizrachi’s team? They simply partnered up with some hip bank. So here’s the magic trick—people hand over their shiny crypto coins, the bank takes ‘em, and BAM, it morphs into good ol’ dollars. Simple yet genius, right? This whole scheme keeps the cash flowing nicely in the system like an endless Bitcoin river.

The Mayor’s Office even backed this plan and went full social media official with it. Imagine tweets flying around, “Hola! Soon we’ll be your first go-to place for paying with shiny digital coins!” The internet went nuts, and rightfully so.

And get this—next week is gonna be a big kahuna moment. Mizrachi gave the heads-up that they’re sealing the deal at the grand Blockchain conf in Panama. You might wanna keep your eyes peeled—watch this epic saga unfold!

So there you have it, pals. Panama City is off to join the cool crypto kids’ table, and Mizrachi is steering this chaotic, yet exhilarating ship straight into the digital future. Buckle up, it’s going to be one bumpy ride. 🚀

Tags: BitcoinCityCryptocurrencyFeesPanamapaymentsSanctionsTax
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