I've read something yesterday on this topic and imho it worth getting quoted here. Basically the "no capital gains for Bitcoin" part is not something so special in Panama.
Good point, but I suppose many people would not be aware of that, its good
to have both points
no capital gains TAX on crypto, or any investment highlighted.
the article states over 50% of the population
do not have a bank account.
This could be great for
BTCitcoin
[assuming that their president doesn't veto the bill], but I don't think it'd have a significant impact
[for now] with the internet penetration rate of roughly 66%!
They would have to look at
and I'm sure they are increasing the infrastructure.
It looks like very slow progress... Its easy to forget that not every country is as
developed as Europe, The U.S or Australia for example.
In Panama, internet penetration has been growing steadily over the past couple of years.
In 2019, approximately 63.6 percent of the Panamanian population accessed the internet,
up from 40 percent recorded in 2010. As of 2020, Panama's internet penetration rate
was still below Central America and Mexico's average.