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Panama regulates use of crypto assets

PARIS, FRANCE - FEBRUARY 16: In this photo illustration, a visual representation of digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin is displayed on February 16, 2018 in Paris, France. Digital cryptocurrencies have seen unprecedented growth in 2017, despite remaining extremely volatile. (Photo Illustration by Chesnot/Getty Images)

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Lawmakers in Panama’s National Assembly on Thursday approved a major bill to regulate the use and commercialization of crypto assets in the Central American country.

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 legislation is broader in scope than measures passed by El Salvador, which last year made bitcoin legal tender, said independent lawmaker and promoter of the bill Gabriel Silva. – Reuters

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