Panama’s president says he won’t sign crypto bill into law ’at this moment’ By Cointelegraph

Panama’s president says he won’t sign crypto bill into law ’at this moment’

Cryptocurrency May 20, 2022 02:00PM ET

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Panama’s president says he won’t sign crypto bill into law ’at this moment’

Laurentino Cortizo, the president of Panama, has said he won’t sign off on a crypto bill recently approved by the country’s National Assembly without additional Anti-Money Laundering rules.

Speaking at the Bloomberg New Economy Gateway Latin America conference on Wednesday, Cortizo said the bill recently passed by Panama’s legislature must go through legal checks before reaching his desk, but added he needed more information before potentially signing it into law. Describing the legislation as an “innovative law” and a “good law,” the president said he approved of certain aspects of the bill but hinted at possible illicit uses of cryptocurrencies that needed to be addressed.

Panama President Laurentino Cortizo speaking at the Bloomberg New Economy Gateway Latin America conference on Wednesday

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Panama’s president says he won’t sign crypto bill into law ’at this moment’

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