Panama City has made strides towards a more crypto-friendly environment by allowing its citizens to pay for taxes, tickets, permits, and fees with Bitcoin, Ethereum, and stablecoins like USDT and USDC. The local council passed a proposal enabling this move, as Panama City Mayor Mayer Mizrachi announced on social media. The decision marks a significant shift in the city’s acceptance of cryptocurrencies, which had previously faced legislative hurdles. The local government has partnered with a bank to facilitate these transactions, indicating a pragmatic approach to incorporating digital assets into public services without requiring new legislation. While the exact timeline for broader implementations of other digital currencies remains uncertain, the current step suggests a growing willingness among Panamanian lawmakers to embrace the evolving financial landscape. This shift not only reflects local governance's adaptation but also illustrates a potential trend towards broader acceptance and integration of cryptocurrencies into everyday public transactions in Panama.

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