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CC $0.16 (+1.98%)
XMR $328.23 (-0.70%)
XLM $0.16 (+2.91%)
RAIN $0.01 (+0.75%)
HBAR $0.10 (+3.23%)
ZEC $260.95 (+1.98%)
LTC $55.47 (+4.03%)
AVAX $9.39 (+4.27%)

Greenland vs Panama

Crypto regulation comparison

← Back to map | Greenland | Panama
Greenland

Greenland

Panama

Panama

No Data
Legal

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Panama passed Law 129 in 2024 regulating crypto assets, virtual asset service providers, and tokenized securities. Panama has no capital gains tax on foreign-sourced or investment income, making it attractive for crypto investors. The law provides a regulatory framework for exchanges and establishes AML/KYC obligations for VASPs.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate 0%
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator -
Regulator SBP (Superintendencia de Bancos de Panamá), SMV
Stablecoin Rules -
Stablecoin Rules No specific stablecoin regulation
Key Points

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Key Points
  • Law 129 (2024) regulates crypto assets and VASPs in Panama
  • No capital gains tax on investment or foreign-sourced income (territorial tax system)
  • VASPs must comply with AML/KYC requirements under the new framework
  • Crypto payments for commercial transactions are permitted
  • Panama's territorial tax system means crypto gains from international trading are untaxed
Sources

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Sources