Panama City to Adopt Bitcoin Reserve Like El Salvador— Hints Mayor Mizrachi

The post Panama City to Adopt Bitcoin Reserve Like El Salvador— Hints Mayor Mizrachi appeared first on Coinpedia Fintech News Panama City could be on track to become Central America’s next Bitcoin hotspot after Mayor Mayer Mizrachi teased the creation of a city-level Bitcoin reserve . His cryptic hint came right after a high-profile meeting with El Salvador’s leading crypto strategists . A Cryptic Clue Sparks Excitement Mayor Mizrachi posted the words “Bitcoin Reserve” on X shortly after meeting with El Salvador’s Bitcoin policy leaders, Max Keiser and Stacy Herbert. The post, just 11 days ahead of his scheduled speech at Bitcoin 2025 in Las Vegas, has stirred speculation across the crypto community. While no official details have been disclosed, the timing and tone hint at major developments—perhaps even Panama City mirroring El Salvador’s national Bitcoin reserve, which now holds 6,179 BTC worth nearly $640 million. Crypto Payments Pave the Way Panama City is already moving toward crypto adoption. A recently approved measure may soon allow Bitcoin, Ethereum, Tether (USDT), and USDC to be used for public payments—including taxes and municipal fees—pending the implementation of crypto-to-fiat conversion systems. Although establishing a city-level reserve is possible, a federal-level Bitcoin reserve would require legislation by the National Assembly, which Mizrachi has not yet formally initiated. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Which Will Yield Bigger Gains: Buying Bitcoin or Bitcoin Treasury Stocks? , Sustainable Bitcoin Mining & Crypto Education Ahead As per Max Keiser’s post , they discussed using Panama’s hydroelectric energy for sustainable Bitcoin mining—similar to how El Salvador leverages geothermal power. This could help Panama position itself as a green crypto-mining hub. In a notable educational initiative, Herbert confirmed that Panama City will adopt El Salvador’s “What is Money?” financial literacy textbook in its online library—marking a deeper collaboration between the two nations. Conclusion Mayor Mizrachi appears bullish on the idea of a Bitcoin reserve, but more clarity is expected once he consults with national lawmakers. 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A new measure may soon allow crypto payments for taxes using BTC, ETH, USDT, and USDC once conversion systems are in place. Will Panama adopt El Salvador’s crypto education model? Yes, Panama City plans to include El Salvador’s “What is Money?” textbook in its online library for financial literacy.

Source: coinpedia