Panama maintains a legal and regulated environment for cryptocurrencies, with AML/CFT obligations under Law 23 of 2015 applying to VASPs as per FATF definitions. There is no dedicated crypto law enacted as of mid-2026, but regulatory oversight is active through the Unidad de Análisis Financiero (UAF).
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | central america |
| Currency | PAB |
| Capital Gains (Personal) | /null |
| Capital Gains (Corporate) | /null |
| VAT on Crypto | No |
| Staking Tax | /null |
| Airdrop Tax | /null |
No explicit crypto tax rules detailed; VAT does not apply to crypto transactions.
| Required | Yes |
| Regulator | UAF (primary AML regulator for VASPs); SBP (prudential, banking-like services); SMV (securities aspects) |
| Framework | Law 23 of 2015 (AML/CFT) |
| Ease | medium |
VASPs must comply with AML/CFT regulations under Law 23 of 2015; no dedicated crypto license law yet.
Limited enforcement. General AML monitoring by banking regulators.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: unregulated
No specific regulations for DeFi; operates under general financial and AML laws.
Status: unregulated
No specific stablecoin regulations; stablecoins fall under general crypto asset oversight.
Status: no_rules
No regulation.
| Legal | Yes |
| Electricity Cost | $0.12/kWh |
| Renewable Energy | 70% |
| Infrastructure | fair |
Mining is legal with moderate electricity costs and high renewable energy share; infrastructure is fair but improving.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 37/100 |
| Banking Access | moderate |
| Sanctions Program Active | No |
Risk Factors
Panama is politically stable with moderate corruption and reasonable ease of doing business. Banking access for crypto firms is moderate; internet freedom is rated free.
Panama maintains a legal and regulated environment for cryptocurrencies, with AML/CFT obligations under Law 23 of 2015 applying to VASPs as per FATF definitions. There is no dedicated crypto law enacted as of mid-2026, but regulatory oversight is active through the Unidad de Análisis Financiero (UAF).
Panama is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-04 · Data source: Soken Crypto Legal Map
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