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Panama President Will Refuse to Sign Crypto Law in Current Form

  • Cortizo said law must comply with anti-money laundering rules
  • Cortizo said he could sanction some parts of the legislation
Laurentino Cortizo 
Laurentino Cortizo Photographer: Tarina Rodriguez/Bloomberg

Panama’s President Laurentino Cortizo said he’ll refuse to sign a law regulating the use of cryptocurrency until it contains tougher anti-money laundering controls. 

The nation’s legislative assembly passed the bill last month, which would make it easier for cryptocurrency exchanges to obtain licenses to operate in the country, and regulates transactions in digital currencies.