You can now pay taxes, fees, tickets, and permits in BTC, ETH, USDC, and USDT.
Panama City’s adoption of cryptocurrencies like BTC, ETH, USDC, and USDT for taxes and fees marks a significant step toward mainstream crypto use, building on Panama’s favorable tax laws and lack of foreign-sourced income tax, as noted in a 2024 Kraemer & Kraemer report.
This move aligns with the cypherpunk movement’s vision of decentralized finance, which has roots in 1980s cryptography work by David Chaum and led to Bitcoin’s creation, emphasizing censorship-resistant money.
