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Panama: Partial veto of crypto bill by the Panamanian President

Policy overview

Description

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…

Scope

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

Complete timeline of this policy change

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2021-09-06
under deliberation

On 6 September 2021, the National Assembly of Panama introduced Bill No. 697, dubbed the "crypto bi…

2022-04-28
adopted

On 28 April 2022, the National Assembly of Panama approved Bill No. 697, also called the "crypto bi…

2022-06-16
rejected

On 17 June 2022, the President of Panama Cortizo partially vetoes Bill No. 697 (crypto bill). Refer…