Panama City Mayor Mayer Mizrachi has suggested the possibility of creating a city-level Bitcoin reserve after a meeting with El Salvador's Bitcoin policy leaders, Max Keiser and Stacy Herbert. In a post on May 16, Mizrachi hinted at this initiative, although he did not provide specifics on their discussions. The conversation likely covered how Panama could utilize its hydro-electric resources for Bitcoin mining, especially as El Salvador has been advocating for geothermal energy for its Bitcoin operations. Mizrachi's interest aligns with recent legislation in Panama allowing the acceptance of Bitcoin for municipal payments, including taxes and fines. However, for a national-level collaboration to promote Bitcoin legislation, he would need support from Panama’s National Assembly, and no indications of such action have been reported. This move by Mizrachi parallels Bitcoin reserve developments in U.S. states and other countries, hinting at a growing trend toward integrating cryptocurrency within municipal frameworks.

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