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Reading: Panama City to Adopt Bitcoin Reserve Like El Salvador— Hints Mayor Mizrachi
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EdaFace Newsfeed > Latest News > Crypto News > Panama City to Adopt Bitcoin Reserve Like El Salvador— Hints Mayor Mizrachi
Crypto News

Panama City to Adopt Bitcoin Reserve Like El Salvador— Hints Mayor Mizrachi

vitalclick
Last updated: May 17, 2025 3:14 pm
1 week ago
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Contents
A Cryptic Clue Sparks ExcitementCrypto Payments Pave the WaySustainable Bitcoin Mining & Crypto Education AheadConclusionNever Miss a Beat in the Crypto World!FAQs

Panama City could be on track to become Central America’s next Bitcoin hotspot after Mayor Mayer Mizrachi teased the creation of a city-level Bitcoin reserve. His cryptic hint came right after a high-profile meeting with El Salvador’s leading crypto strategists.

A Cryptic Clue Sparks Excitement

Mayor Mizrachi posted the words “Bitcoin Reserve” on X shortly after meeting with El Salvador’s Bitcoin policy leaders, Max Keiser and Stacy Herbert. The post, just 11 days ahead of his scheduled speech at Bitcoin 2025 in Las Vegas, has stirred speculation across the crypto community.

While no official details have been disclosed, the timing and tone hint at major developments—perhaps even Panama City mirroring El Salvador’s national Bitcoin reserve, which now holds 6,179 BTC worth nearly $640 million.

Crypto Payments Pave the Way

Panama City is already moving toward crypto adoption. A recently approved measure may soon allow Bitcoin, Ethereum, Tether (USDT), and USDC to be used for public payments—including taxes and municipal fees—pending the implementation of crypto-to-fiat conversion systems.

Although establishing a city-level reserve is possible, a federal-level Bitcoin reserve would require legislation by the National Assembly, which Mizrachi has not yet formally initiated.

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Sustainable Bitcoin Mining & Crypto Education Ahead

As per Max Keiser’s post, they discussed using Panama’s hydroelectric energy for sustainable Bitcoin mining—similar to how El Salvador leverages geothermal power. This could help Panama position itself as a green crypto-mining hub.

In a notable educational initiative, Herbert confirmed that Panama City will adopt El Salvador’s “What is Money?” financial literacy textbook in its online library—marking a deeper collaboration between the two nations.

Conclusion

Mayor Mizrachi appears bullish on the idea of a Bitcoin reserve, but more clarity is expected once he consults with national lawmakers. With El Salvador recently facing IMF tensions over its Bitcoin policy, Panama may tread cautiously.However, with the Bitcoin 2025 Conference just around the corner and Mizrachi set to speak, the crypto world is watching closely

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

What is Panama City’s Bitcoin reserve plan?

Mayor Mizrachi hinted at a city-level Bitcoin reserve, inspired by El Salvador, but details await his Bitcoin 2025 speech.

How is Panama City using sustainable Bitcoin mining?

Panama plans to use hydroelectric energy for green Bitcoin mining, following El Salvador’s geothermal model.

Can citizens pay taxes with crypto in Panama City?

A new measure may soon allow crypto payments for taxes using BTC, ETH, USDT, and USDC once conversion systems are in place.

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