Panama supreme court rejects crypto law
Judges agree draft law has unconstitutional provisions and was improperly passed
Panama’s supreme court has struck down a law designed to grant legal status to certain cryptocurrencies.
The court’s order, published on July 14, “declares the entire proposed law unconstitutional”, and accepts objections lodged by the country’s president earlier this year. Legislator Gabriel Silva, an independent, introduced the draft law in 2021, and the national assembly first passed it in April 2022.
The law would have allowed the use of several cryptocurrencies, including bitcoin, to pay
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