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Via BitcoinMagazine.com,

In yet another milestone for Bitcoin adoption in Latin America, the Panama City Council has voted to approve the acceptance of Bitcoin and other digital currencies for municipal services, making it the first public institution in the country to do so.

The news was announced by Panama City Mayor Mayer Mizrachi on X (formerly Twitter), who stated:

This decision sets Panama City on a more progressive path, enabling residents to interact with their local government using Bitcoin for everyday transactions. Mizrachi also explained how this was achieved without the need for new legislation, a hurdle that had stalled previous efforts.

The Panama City Mayor’s Office further confirmed the news on its official social media channels, saying:

Mayor Mizrachi also revealed that the agreement with the banking partner will be finalized next week:

“Deal’s being signed next week at the Blockchain conf in Panama. Look out for signing of the deal next week.”