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FAQs
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No. There is no Virtual Asset Services Provider Regime or regulation covering cryptocurrencies or crypto-related activities in Panama.
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Yes. The issuance, distribution, sale, and promotion of tokens in and from Panama is considered legal.
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Cryptocurrencies, crypto assets, or tokens are not recognized as legal tender, securities, or regulated activities in Panama.
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No, entities engaging in crypto-related activities in Panama do not need financial or investment licenses, approvals, or consent from financial or securities regulators.
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For corporations, a minimum of three directors is required, who can be either individuals or legal entities. In the case of Private Foundations, the minimum requirement is three members if they are individuals, and one member if it's a legal entity. Directors are not required to be Panamanians.