Bitcoin Accepted for Taxes in Panama

Panama City Adopts Cryptocurrency for Tax and Fee Payments

• Panama City now accepts Bitcoin, Ether, USDT, and USDC for taxes, fees, tickets, and permits.
• The city council’s decision makes it one of the first globally to accept digital assets for government transactions.
• Payments in cryptocurrency are converted to USD by a partner bank due to legal requirements.
• The initiative was announced by Mayor Mayer Mizrachi Matalon on April 15, 2025.
• This move aligns with Panama’s broader legislative efforts to regulate crypto assets and promote the digital economy.

Following a city council vote, Panama City residents can now use cryptocurrencies like Bitcoin and Ether to pay taxes and fees. These payments are converted into USD at the time of transaction due to legal obligations.