According to local sources, Mizrachi sat down with Keiser and Herbert to go over the nuts and bolts of Bitcoin policy. The mayor was tight‑lipped about details.
But the timing was notable. He shared that post just before heading to the Bitcoin 2025 conference in Las Vegas. It seemed like a heads‑up that something more could be coming.
Based on reports, creating a formal Bitcoin reserve would need a vote in Panama’s National Assembly. Lawmakers would have to write and approve a bill first. That process can drag on.
Committees must study the idea. There’d be debates, amendments and budget checks. Only then could the city hold any stash of Bitcoin on its books.
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It’s a neat idea: use cheap, clean power to run the computers that keep the Bitcoin network ticking. But permits and grid upgrades would be needed. Companies and regulators would have to sign off.
Mizrachi has already said Panama City will accept Bitcoin, Ether, Tether and USDC once the payments system is ready. That means building the crypto‑to‑fiat rails. Banks or fintech partners must handle the exchange.
And secure wallets would be needed to store any coins the city takes in. No launch date’s been set. But the plan is on the agenda.
Featured image from Unsplash, chart from TradingView
