- Training Panamanian Deputies on Blockchain and Cryptocurrencies: The Digital and Blockchain Chamber of Commerce organized educational sessions for the National Assembly, focusing on blockchain, Bitcoin, and crypto regulation, with the goal of developing clear and competitive legislation.
- Growing Crypto Ecosystem: Since 2016, Panama has energized its sector with fintech players and banks; however, experts highlight the need for greater efforts to position itself globally in digital assets.
The Digital and Blockchain Chamber of Commerce of Panama has begun a series of training sessions for deputies of the National Assembly on blockchain, Bitcoin, and cryptocurrency regulation. This effort aims to lay the foundation for legislative proposals that will position Panama as a leader in the crypto ecosystem, aligning with international standards such as those of the Financial Action Task Force (FATF).
Training panamanian deputies on Blockchain and Cryptocurrencies: who led the sessions?
Led by Rodrigo E. Icaza, an expert and communicator on cryptocurrencies and blockchain, along with the startup Lulibit, the sessions introduced deputies to key concepts such as the use of digital wallets, seed phrases, and how blockchain technology works.
During the training, participants were also shown how to carry out cryptocurrency transactions, convert them to dollars, and transfer funds between digital wallets, as detailed by Janice Becerra, president of the Chamber.
“The main objective is to design a framework that provides legal clarity without overregulating the sector. It is essential for deputies and officials to understand crypto assets in order to implement effective public policies,” stated Becerra.
Since 2021, the Chamber has been promoting the training of lawmakers and advisors on crypto asset topics.
However, businesses and organizations such as the Panamanian Association of Capital Markets (APAMEC) have urged the government to move forward with regulations that will allow the country to compete in the global digital assets market.
While Panama has made progress since 2016 with the inclusion of fintech players and banks that have energized the ecosystem, experts like Icaza acknowledge that more efforts are needed to achieve greater competitiveness in the region.
The Chamber will continue to organize these training sessions as part of its commitment to the development of the crypto sector in the country.