Panama City Mayor Mayer Mizrachi, in an cryptic message following a meeting with El Salvador’s Bitcoin leaders, hinted that a reserve would be established at the city level.
“Bitcoin Reserve,” Mizrachi wrote Max Keiser, Stacie Herbert and other Bitcoiners from El Salvador met X in May.
Although Mizrachi did not share any details of his conversations with Keiser or Herbert, the timing was eleven days before Bitcoin 2025 conference Mizrachi will be speaking in Las Vegas.
A measure recently passed by the Panamanian government allowing for the use of Bitcoins would be followed by a reserve being created in Panama City. crypto for public payments, Included in the price are taxes, municipal fines and fees.
BitcoinBTCEtherETHTetherUSDTUSDCUSDCMizrachi stated that the payment rails for crypto-to fiat will be established once they are in place.
Pushing for something is a Bitcoin reserve Mizrachi, at the national level, would have to work in collaboration with Panama’s National Assembly on crafting legislation.
It’s impossible to prove that he did such a thing.
Mizrachi’s blog follows recent legislation of Bitcoin reserve bills by Arizona and California. New Hampshire.
Ukraine has also been reported to be moving closer towards adopting Bitcoin. national reserve asset, The local media had reported this information earlier in January.
Mizrachi, Keiser and Herbert discussed Bitcoin mining, education
You can also find out more about the A-Team here. post Keiser suggested that the three spoke on how Panama and El Salvador could leverage renewable energy Bitcoin miners can now boost their operations.
“Bitcoin is transforming Central America. El Salvador’s geothermal & Panama’s hydro-electric will power the Bitcoin revolution.”
Herbert noted Panama City is integrating El Salvador. “What is Money?” Financial literacy textbook in its online library
Related: Basel Medical shares down 15% on $1B Bitcoin buying plans
Keiser and Herbert played an important role in the creation of El Salvador’s Bitcoin policy, Includes a Bitcoin reserves consisting The 6179 Bitcoin (BTCIt is worth approximately $640,000,000.
Keiser serves as President Nayib Bukele’s Herbert is the Bitcoin Office’s Bitcoin Advisor, and Bitcoin adviser.
Magazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
