₿- Panama City has launched a pilot programme to accept cryptocurrency for municipal tax payments, signalling growing governmental openness to digital finance.
₿- Citizens are using platforms such as Binance to invest and manage their crypto assets, treating them as long-term savings.
₿- Businesses across Panama are increasingly adopting crypto payments, supported by the expansion of ATMs, kiosks, and upcoming tools like a crypto-friendly business map.
₿- A new 2025 crypto bill aims to provide legal clarity, encourage voluntary adoption, and position Panama as a regional leader in digital innovation.
Panama is becoming a hotspot for cryptocurrency adoption, with signs of digital transformation emerging across the country. From crypto ATMs in malls to businesses accepting digital currencies, the local interest in decentralised finance is growing, despite the absence of clear regulations.
A City Pilot That’s Catching Attention
In a move that may shape the future of crypto adoption in Latin America, Panama City’s mayor recently launched a pilot programme allowing municipal tax payments in cryptocurrency. This initiative positions the capital at the forefront of financial innovation, sparking both enthusiasm and debate about the practicality and long-term viability of using digital assets in everyday transactions.
A Panamanian’s Perspective on Cryptocurrency
During the pandemic, many Panamanians began exploring alternative financial systems, with cryptocurrencies gaining notable attention. Platforms like Binance and Lulubit became popular choices for managing digital portfolios. For many, including everyday citizens, these digital assets represent more than just speculative investments—they’re viewed as long-term savings tools.
The growing interest in cryptocurrencies highlights the critical need for comprehensive user education. Without proper knowledge, individuals are more susceptible to scams. They may struggle to make informed financial decisions in the rapidly evolving digital asset landscape.
Expanding Crypto Infrastructure in Panama
The acceptance of digital currency payments is on the rise in Panama’s retail and hospitality sectors. Major supermarket chains and local businesses in Panama are increasingly embracing cryptocurrencies as a payment option.
The trend is supported by the installation of ATMs and crypto kiosks in strategic locations, including Albrook Mall and the Chiriquí province. Companies like BitBase have been instrumental in this expansion, providing accessible points for buying and selling digital assets.
To further support this growth, platforms like Criptorio.com are developing digital maps to guide users to crypto-friendly businesses across the country. Bitcoin (BTC) and stablecoins like Tether (USDT) are among the most commonly used cryptocurrencies for transactions, offering both innovation and stability.
Legislative Developments: Towards a Regulated Crypto Environment
In March 2025, Panama unveiled an ambitious draft bill set to revolutionize its crypto landscape and drive blockchain innovation forward. The proposed legislation takes bold steps toward recognising digital assets as legitimate payment methods, as long as both parties involved are on board. This forward-thinking bill also sets clear, robust guidelines for virtual asset service providers. It requires them to register and adhere to stringent international anti-money laundering standards.
But the bill doesn’t stop at financial regulation. It also envisions a transformative future for public administration through the adoption of blockchain technology. Key provisions include the creation of secure digital identities and the introduction of tokenised securities, paving the way for more transparent and efficient governance.
These moves position Panama as a global crypto hub, poised to lead blockchain innovation in Latin America as a promised crypto country.
Looking Ahead: Panama’s Crypto Potential
Entering the crypto world in Panama offers significant potential for both investors and businesses. With the growing acceptance of digital currencies and the government’s move toward regulatory clarity, the country is rapidly becoming a hub for crypto innovation.
While the legal framework is evolving, Panama’s openness to blockchain technology makes it an attractive destination.
The country’s growing adoption of cryptocurrency further enhances its appeal for those looking to get involved in the digital asset space.
The ongoing government’s forward-thinking approach ensures that Panama will be a key player in Latin America’s crypto future.
If you’re considering entering the crypto world in Panama and need expert guidance, reach us for trusted advice and professional support.
Stay informed,
Rodcas Consulting Group