If YOU would like to be on a SECRETIVE CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Posted on 09/18/2021 9:03:55 AM PDT by aMorePerfectUnion
Going on to explain why the move to legalise cryptocurrencies is a good option for Panama, the 32-year-old congressman listed the enhancement of job creation, the support for innovation, government transparency, the emergence of new businesses or ventures, decentralisation, and the expansion of what the country’s financial services industry currently offers.
“Today, we present the Crypto Law. We seek to make Panama a country compatible with the blockchain, crypto assets, and the internet. This has the potential to create thousands of jobs, attract investment and make the government transparent,” the lawmaker said based on the translation of his tweet....
The journey to possibly legalise Bitcoin will see Panama battle resistance from the World Bank in the technical implementation of its proposed dive into the digital currency world, just as the monetary watchdog denied El Salvador. Monetary ties may also be cut off by these financial organisations, emphasising the energy requirement that Bitcoin or most blockchain protocols demand.
While the proposed Panama crypto law has no defined timeline, the lawmaker noted that inputs are welcome to improve the proposal's provisions.
If YOU would like to be on a SECRETIVE CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Thanks!
Totalitarians love this stuff.
“the 32-year-old congressman listed the enhancement of job creation, the support for innovation, government transparency, the emergence of new businesses or ventures, decentralisation, and the expansion of what the country’s financial services”
wow! who knew bit-thingies were so magical!
Don't like not being able to control every penny in the world?
My understanding is countries are running out of US dollars to buy imports so they are moving into crypto, like Bitcoin.
Worth noting Panama is a world financial center.
In this case, Panama uses the US dollar as the basis of its currency
Awesome news. Posted this to the Hyperfund telegram group I’m in. Go crypto! Although my dogecoin isn’t doing me any good right now, haha!
!Esa es una buena noticia!
An external currency would serve to stabilize the most volatile currencies, in my view.
My understanding is countries dollar reserves to buy imports is declining fast because of the Covid’s impact on global trade so they need an alternative to the dollar.
Maybe MMT is undermining faith in the stability of the dollar. Crypto is one attempt to bypass that, although at present its even less stable.
so they won’t take dollars anymore?
And of course, massive amounts of capital are going into blockchain companies, creating jobs and value. I suspect they want to capture some of that for their economy.
Many do not realize Panama City, Panama is a world banking center. Every time I've visited, I'm amazed at how the city is growing and flourishing.
If you've never seen the ocean frontage, it is gorgeous...
love this
The cryptocurrency field attracts some of the worst writers in the history of the world who spread FUD, confusion and gobbledygook.
do they have a domestic currency and is crypto a parallel path now
El Salvador’s was a full up conversion though, yes? or just “legal tender” like Panama
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