On February 23, members of the Panama Council of Commercial and Economic Affairs will discuss two cryptocurrency-related bills and other matters at a meeting on February 22 at 2 p.m. local time.
Committee members are expected to discuss whether the two related bills, 696 and 697, should be combined and brought to the wider National Assembly for discussion.
It is reported that Bill 696, proposed by Cenobia Vargas in August, aims to regulate cryptocurrencies, tokens, NFTs and blockchain technology used in Panama. The bill proposes regulation of five cryptoassets, including Bitcoin, Ethereum, Tether, Elrond and a token called Token 7UT.
The second bill, introduced by independent MP Gabriel Silva, specifically mentions bitcoin and ethereum as crypto assets. Its focus is to keep the country up to speed with the digital economy, crypto assets and the internet.