Under the terms of the proposal, Panama City’s municipal government would begin to accept payments in cryptocurrency for taxes, permits, fees, and other municipal services. This historic move makes Panama City the very first governmental public institution to adopt cryptocurrencies. Although citizens can pay their taxes with Bitcoin, Ethereum, and...
Panama City is taking a pro-cryptocurrency approach, with a different, more localized focus. The city’s government will be able to accept Bitcoin, Ethereum and stablecoins for payments of taxes and other city-issued fees. There's a catch: all crypto payments will be immediately converted to U.S. dollars. This approach to cryptocurrency...
DWF Labs is set to launch USD1, a new stablecoin designed to be redeemable one-to-one for the US Dollar (USD). In case you missed it, the digital asset firm RAISE announced some incredible news! They will collateralize each USD1 with 100% short term US government treasuries, US dollar deposits and...