Panama has a clear legal framework for cryptocurrency under the Crypto Regulation Law (2022), positioning itself as a crypto-friendly jurisdiction with established banking supervision and AML controls.
| Status | Legal |
| Risk Score | 35/100 (Moderate Risk) |
| Region | central america |
| Currency | PAB |
| VAT on Crypto | No |
The regulator page does not specify detailed crypto tax rates or rules, but VAT does not apply to crypto transactions.
| Required | Yes |
| Regulator | SBP / SMV |
| Framework | Crypto Regulation Law (2022) |
| Ease | medium |
| Cost | N/A |
Licensing is required under the Crypto Regulation Law (2022) with a medium difficulty process.
Status: regulated
DeFi activities are regulated under the Crypto Regulation Law, ensuring compliance with AML and licensing requirements.
Status: regulated
Stablecoins are regulated under the general framework established by the Crypto Regulation Law (2022).
Status: no_rules
No regulation.
| Legal | Yes |
| Electricity | $0.12/kWh |
| Renewable | 70% |
| Infrastructure | good |
Mining is legal with favorable electricity costs and a high share of renewable energy, supporting sustainable operations.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 37/100 |
| Banking Access | open |
Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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