Panama’s President Partially Vetoes Bill Which Recognize Cryptocurrencies as Means of Payment

Panama’s President, Laurentino Cortizo, has partially vetoed a crypto regulation bill which allows citizens to use cryptocurrencies, like Bitcoin and Ethereum, as a valid form of payment for any legal civil or commercial operation, including paying for goods, services and taxes. The bill also formally recognizes DAOs as legal entities. Laurentino Cortizo said that the bill requires adaptation to the norms that regulate the country's financial system. Now it will go back to Panama's National Assembly for debate, and will have another vote after it undergoes some changes.