Panama, in 2021, launched a legislative initiative to enable crypto payments nationwide, but after gaining some traction, it stalled in 2022, was partially vetoed by President Laurentino Cortizo, and was ultimately declared unenforceable by the Supreme Court in 2023

Event date

Jan 1, 2021 - 12:00am

Quotes that support claims

Four years ago, a legislative initiative tried to enable crypto payments all over the country. It got some traction but eventually stalled out in 2022. In 2023, the Supreme Court ruled the bill “unenforceable.” Since then, it doesn’t seem like any other serious efforts have made progress.

In 2022, Panamanian President Laurentino Cortizo partially vetoed a bill that would regulate Bitcoin and legalize decentralized autonomous organizations, sending the draft legislation back to the country's National Assembly for debate.