Central America’s bitcoin adoption is on the rise, and and Panama is the latest country to embrace cryptocurrencies.

Congressman Gabriel Silva unveiled a cryptocurrency law in draft form on Twitter. The bill explains how Panama is compatible with the digital economy, including the blockchain crypto assets and the internet.

The Republic of Panama is moving in the same direction as El Salvador, but has added the recognition of Ethereum as well.

El Salvador officially accepts bitcoin as legal tender

El Salvador has become the first country in the world to accept bitcoin as legal tender. On Monday evening (September 6), President Nayib Bukele announced that El Salvador had bought its first 400 bitcoins, in two tranches of 200.

On Tuesday evening (September 7), the country added another 150 bitcoin to its portfolio, and it now owns 550 bitcoin.

Featured Image Credit: Coingape

Also Read: El Salvador To Deploy Crypto Infrastructure Ahead Of Bitcoin Adoption Bill Coming Into Effect