Panama’s National Assembly passed a crypto asset regulation bill, but the country's president is not ready to sign it into law.
Although Panama’s National Assembly passed a crypto asset regulation bill in late April, its president Laurentino Cortizo said he would not endorse it as written today.
“If I’m going to answer you right now, at this moment, the information that I have — which is not enough — I will not sign that law at this moment,” CortizoThe bill would need to sufficiently take actions against money laundering for it to get the presidential seal of approval. Cortizo explained that his legal team would have to analyze the bill and recommend whether to pass it fully or partially as written.
“I have to be very careful if the law has clauses related to money-laundering activities, or anti-money laundering activities,” he told the audience. “That’s very important for us.”
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