Gabriel Silva Legislation was drafted , It is proposed to use cryptocurrency as a means of payment for civil and commercial operations .
Panama introduced a bill , To standardize the use of national cryptocurrency .
The bill was introduced by Congressman Gabriel Silva on Tuesday night , Designed to make Panama “ And the digital economy 、、 Countries where encrypted assets are compatible with the Internet ”.
The text suggests that individuals or legal entities established in Panama can freely agree to use cryptocurrency as a means of payment for any civil or commercial activities not prohibited by the legal system .
The project also proposes to use cryptocurrency to pay taxes 、 Fees and other tax obligations .
As Silva said to CoinDesk As confirmed , It is not illegal to use cryptocurrency in Panama . There is no mandatory currency in Panama's constitution , Despite the fact that the dollar is from 1904 Officially used since , It was called Taft-Arias The currency agreement between countries takes effect .
Local cryptocurrency entrepreneurs who worked with Silva to draft the bill Felipe Echandi say ：“ Fiscal rules are uncertain , We're trying to bring them through this project .”
according to Echandi That's what I'm saying , The bill incorporates cryptocurrency into the capital gains system , Just like in America , And exclude them from VAT (VAT) outside .“ We believe this is a global trend ,” He said .
The proposed legislation also seeks to establish the principle of bank interoperability , So that the traditional financial system is compatible with the new financial system . In Silva's words , This means that bank accounts can be linked to exchanges .
“ Now , You can't even connect your bank account to PayPal relation ,” Silva said .
according to Echandi That's what I'm saying , The goal of the bill is to allow both parties to a contract to use cryptocurrency , And create conditions for expanding the use of cryptocurrencies , For example, in a local store .
According to the draft bill , In addition to the encryption of cryptocurrencyOutside , The project also seeks to digitize the identity of individuals and legal entities through the use of distributed ledger technology , thus “ Expand the digitization of the country ”.
The bill says , The digitization process will enable Panama to work with smart contracts and DAO（ Decentralized autonomous organization ） compatible . It adds ：“ As Estonia has done through its digital residence scheme , The country has full potential to become a digital identity provider in the rest of the world .”
“ The most futuristic vision is that Panama must become DAO,”Echandi say , He added , The bill is an intermediate step towards achieving this vision .
According to the Echandi call , The bill aims to strengthen the country's crypto ecosystem , And promote the entry of encryption companies into the country .
“ Although it is not illegal to obtain or buy cryptocurrency at present , But not many exchanges or platforms can convert legal tender into cryptocurrency , vice versa ,” He added .
Besides , The proposed legislation allows issuers of securities to use distributed ledger technology 、 Blockchain or cryptocurrency to represent these issues .
Echandi say , Just as Panama has become a financial center in recent years , Pass the bill , The country could be an ideal jurisdiction for companies seeking to issue any type of asset .
Silva is a member of the independent opposition independent bank , He said , Both the ruling and opposition parties are willing to deal with the bill . He added , In the past two months , He met with different public institutions that will be involved in the operation of cryptocurrency , For example, the Ministry of Finance 、 National Bank and Banking Supervision Bureau .
Silva say , The project collects comments from different aspects , Including lawyers 、 The currency user 、 Encryption related companies and government officials .
He added , Silva is in 6 Monthly direction CoinDesk confirmed , He will be in 7 The bill was introduced in January , Although the bill was postponed due to the collection of comments from all parties .
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