Rolando Rodríguez, the Panamanian lawmaker expressed the importance and urgent need of the digital economy for Panama. The rising tech-based economy is heavily influencing nations’ social, political, and traditional economic structures.
The emerging digital currencies are devising new ways and principles of modern business where no third party involves during financial transactions.
The lawmaker stressed recognizing the importance of the emerging tech-based economy where data processing occurs among machine or complex technology and users.
The lawmaker stated,
“Panama cannot be left behind when many countries in the world have already started to regulate cryptocurrencies and are at the forefront of the digital economy, taking advantage of its benefits and creating legal mechanisms to protect their economy, their population, and contribute to the development of this new way. to do business.”
He explains that global digital currency regulations are evolving and provide a great opportunity to Panamanian lawmakers to take benefit of it. This would help to improve Panama’s economy at a national and global level.
The lawmaker further elaborated that hopefully, the Committee on Trade and Economic Affairs will conduct the necessary discussion at the proposed draft and would update nation regulation regarding the rising digital economy.