A Slew of Good News for Bitcoin and Other Crypto

Lawmakers in Panama's National Assembly on April 28 approved a major bill to regulate the use and commercialization of crypto assets in the Central American country, Reuters reported.




Bitcoin Becomes Official
The bill opens the door to private and public use of such assets and will make it possible for people to pay their taxes with cryptocurrencies.
The bill now passes to President Laurentino Cortizo to be signed.

In response, one person tweeted a clip from the show "Seinfeld" showing Jerry and Elaine running through an airport.

"All of us running to catch the next plane to Panama," the caption read.

Meanwhile, Central African Republic adopted bitcoin as an official currency, the presidency said on April 27.

The country's National Assembly unanimously passed the bill, allowing President Faustin-Archange Touadera to sign it into law.

The country will use bitcoin as the national currency along with the Central African CFA franc, a regional currency governed by the Bank of Central African States (BEAC). It's also used in six African countries: Cameroon, Chad, Congo, Equatorial Guinea, and Gabon.

The decision makes Central African Republic the first country in Africa to back bitcoin and the second in the world, following El Salvador, which adopted bitcoin as legal tender last year

In addition, the Cuban central bank issued regulations on April 26 for virtual asset service providers.

The bill opens the door to private and public use of such assets and will make it possible for people to pay their taxes with cryptocurrencies

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