Laurentino Cortizo, president of Panama, has exercised his veto powers to make a series of objections to the recently approved cryptocurrency law. The observations of the president only touch on certain articles and do not affect the law in its entire scope. However, these articles of the bill will have to be re-discussed, taking into account the observations of Cortizo.
Cortizo Vetoes Crypto Law in Panama
Laurentino Cortizo, the president of Panama, has vetoed the recently approved cryptocurrency law, sending it back to the National Assembly to be discussed. The veto was a partial one, with Cortizo having second thoughts about the legality of several, but not all, articles in the approved bill.
The announcement was made by Gabriel Silva, one of the proponents of the law, on social media. Silva criticized the decision taken by Cortizo, stating it was :
A lost opportunity to generate jobs, attract investment and incorporate technology and innovation in the public sector. The country...
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