Progress

Current status
rejected
16 Jun 2022 rejected
28 Apr 2022 adopted
06 Sep 2021 under deliberation

Scope

Implementers
Panama
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
DLT development
Government Branch
legislature
Government Body
central government
parliament
Implementation Level
national

Timeline of events

16 Jun 2022
rejected

Partial veto of crypto bill by the Panamanian President

On 17 June 2022, the President of Panama Cortizo partially vetoes Bill No. 697 (crypto bill). Referring to the lack of Anti-Money Laundering (AML) rules and the necessity to follow the recommendations of the Financial Action Task Force, the Presiden…

Source
Event type law
Action type veto
Government branch legislature
Government body central government
28 Apr 2022
adopted

Adopted crypto bill regulating commercialization and use of crypto assets

On 28 April 2022, the National Assembly of Panama approved Bill No. 697, also called the "crypto bill". The bill regulates the commercialization and use of crypto assets, providing the legal basis for private and public actors to use cryptocurrencie…

Source
Event type law
Action type adoption
Government branch legislature
Government body parliament
06 Sep 2021
under deliberation

Introduced crypto bill regulating commercialization and use of crypto assets

On 6 September 2021, the National Assembly of Panama introduced Bill No. 697, dubbed the "crypto bill". Presented by Congressman Gabriel Silva, the bill regulates the commercialization and use of crypto assets, providing the legal basis for private …

Source
Event type law
Action type introduction
Government branch legislature
Government body parliament