The Panama City Council has voted to allow citizens to pay taxes, fines, fees and permits using cryptocurrencies.

What Happened: The initiative was spearheaded by Panama City Councilman and tech entrepreneur Mayer Mizrachi, who confirmed the development in a public post on Tuesday.

The policy covers a range of widely used digital assets including Bitcoin BTC/USD, Ethereum ETH/USD and stablecoins USDC/USD and USDT/USD.

According to Mizrachi, this milestone was achieved without requiring new legislation, a key differentiator from previous failed efforts.

“Prior administrations tried to push a bill in the senate to make this possible,” Mizrachi explained. “But we found a simple…

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