{"id":63031,"date":"2022-06-17T09:59:40","date_gmt":"2022-06-17T06:59:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63031"},"modified":"2025-09-05T21:35:27","modified_gmt":"2025-09-05T18:35:27","slug":"panamas-president-vetoes-crypto-bill-over-fatf-recommendations","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/panamas-president-vetoes-crypto-bill-over-fatf-recommendations\/","title":{"rendered":"Panama&#8217;s president vetoes crypto bill over FATF recommendations"},"content":{"rendered":"<p>Panama&#8217;s President Laurentino Cortizo has imposed a partial veto on the bill regulating the circulation of digital assets. <a href=\"https:\/\/cointelegraph.com\/news\/president-of-panama-shoots-down-crypto-bill-citing-fatf-guidelines\">\u0441\u043e\u043e\u0431\u0449\u0430\u0435\u0442<\/a> Cointelegraph.<\/p>\n<p>According to the president<a href=\"https:\/\/www.prensa.com\/economia\/cortizo-veta-parcialmente-el-proyecto-de-ley-que-regula-los-criptoactivos\/\">,<\/a> the document must in all cases comply with the <span data-descr=\"Group for the development of financial measures to combat money laundering\" class=\"old_tooltip\">FATF<\/span> standards, which provide \u201cfiscal transparency and anti-money laundering.\u201d<\/p>\n<p>Cortizo called for the regulatory act to be revised to align with the country&#8217;s financial rules.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\">The President has just vetoed the crypto bill<\/p>\n<p>A missed opportunity to create jobs, attract investment and incorporate technology and innovation in the public sector<\/p>\n<p>The country deserves more opportunities and also financial inclusion (1\/2)<\/p>\n<p>\u2014 Gabriel Silva (@gabrielsilva8_7) <a href=\"https:\/\/twitter.com\/gabrielsilva8_7\/status\/1537496339646500866?ref_src=twsrc%5Etfw\">June 16, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe country deserves more opportunities and financial inclusion,\u201d Silva added, saying that Congress will study the veto to draft amendments, which will then be forwarded to debate.<\/p>\n<\/blockquote>\n<p>If the bill is eventually signed, Panama will become the second <a href=\"https:\/\/forklog.com\/en\/news\/el-salvador-legalises-bitcoin-as-government-buys-550-btc\">after El Salvador<\/a> country in Central America to recognise Bitcoin as legal tender.<\/p>\n<p>However, unlike El Salvador, the Panamanian bill applies to all cryptocurrencies and does not require local businesses to accept digital assets. The document also covers the issuance of digital securities, regulates the tokenisation of precious metals and the digitisation of identity using blockchain.<\/p>\n<p>The bill regulating the circulation of digital assets in Panama was introduced <a href=\"https:\/\/forklog.com\/en\/news\/panama-introduces-bill-to-regulate-cryptocurrencies\">in September 2021<\/a>. In March 2022, it <a href=\"https:\/\/forklog.com\/en\/news\/panama-approves-bill-regulating-cryptocurrencies\">was approved by<\/a> the National Assembly.<\/p>\n<p>In May 2022, President Laurentino Cortizo <a href=\"https:\/\/forklog.com\/en\/news\/panamas-president-does-not-back-a-cryptocurrency-bill\">stated<\/a> that he would not sign the document in its current form because of money-laundering risks.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Panama&#8217;s President Laurentino Cortizo has imposed a partial veto on the bill regulating the circulation of digital assets, saying that it needs to be revised to align with the country&#8217;s financial rules.<\/p>\n","protected":false},"author":1,"featured_media":63032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1198,1269,971,1974,36],"class_list":["post-63031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-payments","tag-cryptocurrencies","tag-fatf","tag-panama","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=63031"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63031\/revisions"}],"predecessor-version":[{"id":63033,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63031\/revisions\/63033"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/63032"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=63031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=63031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=63031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}