Panama supreme court rejects crypto law

Judges agree draft law has unconstitutional provisions and was improperly passed


Panama’s supreme court has struck down a law designed to grant legal status to certain cryptocurrencies.

The court’s order, published on July 14, “declares the entire proposed law unconstitutional”, and accepts objections lodged by the country’s president earlier this year. Legislator Gabriel Silva, an independent, introduced the draft law in 2021, and the national assembly first passed it in April 2022.

The law would have allowed the use of several cryptocurrencies, including bitcoin, to pay

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account