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The politician of Panama City seemingly advocated for a city-level Bitcoin reserve successful a mysterious station aft gathering 2 of El Salvador’s Bitcoin argumentation leaders this week.
Panama City Mayor Mayer Mizrachi has hinted astatine establishing a city-level Bitcoin reserve successful a cryptic station pursuing his gathering with 2 of El Salvador’s Bitcoin argumentation leaders.
“Bitcoin Reserve,” Mizrachi wrote to X connected May 16 aft gathering El Salvador-based Bitcoiners Max Keiser and Stacy Herbert.
While Mizrachi didn’t stock details astir his discussions with Keiser and Herbert, the timing of the station came 11 days earlier the Bitcoin 2025 conference successful Las Vegas, wherever Mizrachi is scheduled to speak.
Source: Mayer Mizrachi
The instauration of a Bitcoin reserve successful Panama City would travel a precocious approved measurement permitting the usage of crypto for nationalist payments, including taxes, fines and municipal fees.
Bitcoin (BTC), Ether (ETH), Tether (USDT) and USDC (USDC) volition beryllium accepted erstwhile the crypto-to-fiat outgo rails are established, Mizrachi said astatine the time.
To propulsion for a Bitcoin reserve astatine the national level, Mizrachi would request to collaborate with Panama’s National Assembly to trade legislation.
There’s nary grounds to suggest that helium has taken specified measures.
Mizrachi’s station follows the caller enactments of 2 Bitcoin reserve bills successful the US states of Arizona and New Hampshire.
Ukraine is besides reportedly inching person toward adopting Bitcoin arsenic a national reserve asset, local media reported earlier successful the month.
Mizrachi, Keiser and Herbert discussed Bitcoin mining, education
A post from Keiser suggests the trio spoke astir however Panama and El Salvador tin leverage renewable energy to bolster their Bitcoin mining operations.
“Bitcoin is transforming Central America. El Salvador’s geothermal & Panama’s hydro-electric volition powerfulness the Bitcoin revolution.”Herbert besides noted that Panama City volition integrate El Salvador’s “What is Money?” fiscal literacy textbook into its online room system.
Related: Basel Medical shares down 15% connected $1B Bitcoin buying plans
Keiser and Herbert person played a important relation successful crafting El Salvador’s Bitcoin policy, which includes a Bitcoin reserve consisting of 6,179 Bitcoin (BTC), worthy astir $640 million.
Keiser serves arsenic President Nayib Bukele’s Bitcoin advisor, portion Herbert runs the country’s Bitcoin Office.
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