Mayer Mizrachi, the mayor of Panama City, hinted at the creation of a city-level Bitcoin reserve following a meeting with notable Bitcoin advocates from El Salvador, Max Keiser and Stacy Herbert. His post on X, dated May 16, suggested that discussions focused on harnessing cryptocurrency for municipal operations, including possibly accepting Bitcoin for taxes and fines. However, Mizrachi has yet to outline specific plans or legislative measures with Panama’s National Assembly to formalize this initiative. The mayor's interest aligns with recent movements in other regions, such as the passing of Bitcoin reserve bills in Arizona and developments in Ukraine. Additionally, Mizrachi expressed enthusiasm for enhancing Bitcoin mining efforts in collaboration with El Salvador, utilizing local geothermal and hydroelectric resources. He also mentioned integrating financial education resources into Panama City’s educational framework.

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