In an ambitious move to modernize its financial infrastructure, Panama has reintroduced a forward-looking crypto regulation bill aimed at positioning the country as a leader in the digital asset space. The new proposal, known as Bill No. 247, is poised to transform Panama into a regional center for crypto innovation and blockchain adoption – making it a space to watch for tech-savvy investors, entrepreneurs, and future-forward expats.
Building on Lessons from the Past
Panama’s journey toward crypto regulation began in 2021 with Bill No. 697. Despite initial approval, it was partially vetoed by President Laurentino Cortizo due to concerns about anti-money laundering compliance and constitutional issues. The Supreme Court later ruled the bill inapplicable.
This time, lawmakers are taking a more comprehensive approach. Alternate Deputy Gabriel Solís, the bill’s chief proponent, emphasized that Bill No. 247 is not just about embracing Bitcoin and other cryptocurrencies – it’s about institutional trust, legal clarity, and responsible innovation. The bill aligns with the Financial Action Task Force’s (FATF) 40 recommendations, creates a defined tax framework, and establishes robust oversight mechanisms.
What’s in the New Crypto Law?
Bill No. 247 outlines a regulatory framework that legally recognizes Bitcoin, Ethereum, and stablecoins as valid payment options through mutual agreement between parties. It also mandates licensing for Virtual Asset Service Providers, with requirements for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance in line with international standards.
A key institutional feature of the bill is the proposed National Council for Digital Assets. This council will oversee the digital economy’s growth, encourage blockchain use in public services like digital IDs and smart contracts, and guide the development of tokenized securities.
Why This Matters for Investors and Expats
The ripple effects of this bill could be substantial for those looking to invest or relocate to Panama. A modernized legal framework for crypto creates a level of financial flexibility that appeals to global digital entrepreneurs and tech startups. Paired with Panama’s territorial tax system and investor-friendly real estate laws, the crypto law enhances the country’s appeal as a jurisdiction for financial innovation and digital business.
Local banks like Towerbank, Canal Bank, Credicorp Bank, and Caja de Ahorros have already begun showing interest in crypto integration. This growing alignment between financial institutions and digital assets may create more accessible pathways for purchasing property, managing investments, or running online businesses while living in Panama.
Property Market Outlook in Crypto-Friendly Zones
As Panama leans into its identity as a fintech hub, areas like Costa del Este and San Francisco, already known for their modern infrastructure and strong expat presence, stand to benefit. These communities offer a mix of high-rise condominiums, luxury homes, and commercial opportunities – many of which could appeal to professionals in the tech and blockchain industries.
While direct crypto-based real estate transactions are not yet the norm, the evolving legal environment suggests that may change soon. Investors seeking a long-term foothold in Panama’s future economy may want to explore properties in districts aligned with business growth and digital innovation.
Final Thoughts
With this renewed push for a transparent, robust digital asset framework, Panama is signaling its readiness to embrace the global crypto economy. The passage of Bill No. 247 would not only benefit crypto adopters but also enhance Panama’s reputation as a flexible and forward-looking destination for investment, business, and lifestyle.
If you’re considering real estate investment or relocation in Panama, now is a great time to explore the opportunities unfolding across this vibrant country. Casa Solution is here to help you navigate both the traditional and evolving real estate landscapes.
Ready to Invest in Panama’s Future?
Whether you’re a digital nomad, blockchain entrepreneur, or looking for a modern place to call home, Casa Solution Real Estate offers expert guidance in Panama’s most promising communities. Contact us today to explore properties that align with your lifestyle and investment goals.
Written on August 3, 2025
