Panama’s president vetoes parts of crypto law

Bankers’ association also opposes law, which president says lacks AML protections


Laurentino Cortizo, the president of Panama, partly vetoed a draft law giving certain cryptocurrencies official status on June 16.

Cortizo said that the law as it stood conflicted with the country’s regulatory framework and anti-money laundering efforts.

In his veto message, Cortizo said that some of the definitions the law employs were either insufficiently detailed or out of step with Financial Action Task Force (FATF) guidelines. The president indicated that state agencies were not in a

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