Panama to join bitcoin adoption race with El Salvador and Paraguay

Panama To Join El Salvador and Paraguay in Bitcoin Adoption

President of El Salvador, Nayib Bukele, made an announcement on 5th June, during the Bitcoin 2021 conference in Miami on proposing a bill to make Bitcoin legal tender in the country. His visionary move towards cryptocurrency adoption has sparked other similar countries in Latin America and their leaders to join the force. Paraguay’s Deputy of the Nation Carlos Antonio Rejala Helman made a tweet yesterday morning hinting at a big move towards bitcoin adoption following Nayib Bukele’s move.

The new player in the bitcoin adoption race is Panamanian Congressman Gabriel Silva. In his tweet yesterday, he mentioned that this move is important and Panama cannot be left behind.

This is important. And Panama cannot be left behind. If we want to be a true technology and entrepreneurship hub, we have to support cryptocurrencies We will be preparing a proposal to present at the Assembly. If you are interested in building it, you can contact me.

Gabriel Silva, Panamanian Congressman

Also read - El Salvador adopts bitcoin as its legal tender is much bigger news than most realize

Gabriel’s tweet was in direct response to a tweet from El Salvador’s President, who is now pushing a bill through the country’s congress to make Bitcoin legal tender. Gabriel marks the next Latin American politician to join the trend of adoption in the region, following the President of El Salvador and Congressman Carlos Antonio Rejala Helman from Paraguay

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[…] move by El Salvador will likely be followed by Paraguay and Panama and many other countries as well as indicated by their leader on social […]

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