• Panama’s president refused to sign any law that would regulate crypto.
• Cortizo has not been satisfied with the current bill.
• Cortizo mentioned that he might sanction parts of the law.

Panama’s President Laurentino Cortizo has said that he would not sign a bill regulating cryptocurrency use until there are stronger anti-money laundering controls.

Panama’s legislative assembly passed the bill last month, making it easier for crypto exchanges to obtain licenses to do business in the country, and regulate transactions in digital currencies.

However, the bill requires the president’s signature before it can become law, and unfortunately, Cortizo is not yet satisfied with the bill’s compliance with anti-money laundering standards.

The president was quoted saying at the Bloomberg New Economy Gateway Latin America conference that “if I’m going to answer you right now with the information that I have, which is not enough, I will not sign that law.” Cortiza added that he and his country take

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