---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "central_america", "gafilat", "legal"]
aliases: ["PA", "PAN", "Panamá"]
created: 2026-04-13
updated: 2025-06-01
compile_into: ["[[country--panama]]"]
sources:
  - name: "Superintendencia de Bancos de Panamá"
    url: "https://www.superbancos.gob.pa"
    type: "official"
---

# 🇵🇦 [[country--panama|Panama]] (PA) — Crypto Regulation

> Panama has a clear legal framework for cryptocurrency under the Crypto Regulation Law (2022), positioning itself as a crypto-friendly jurisdiction with established banking supervision and AML controls.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 35/100 (Moderate Risk) |
| Enforcement Level | Low |
| Region | [[domain--central-america|central america]] |
| Currency | [[entity--pab|PAB]] |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

The regulator page does not specify detailed crypto tax rates or rules, but VAT does not apply to crypto transactions.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--sbp|SBP]] / SMV |
| Framework | Crypto Regulation Law (2022) |
| Ease | medium |
| Cost | N/A |
| Timeline | N/A months |

Licensing is required under the Crypto Regulation Law (2022) with a medium difficulty process.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** regulated

DeFi activities are regulated under the Crypto Regulation Law, ensuring compliance with AML and licensing requirements.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the general framework established by the Crypto Regulation Law (2022).

## NFTs

**Status:** no_rules

No regulation.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.12/kWh |
| Renewable Energy | 70% |
| Climate | tropical |
| Infrastructure | good |

Mining is legal with favorable electricity costs and a high share of renewable energy, supporting sustainable operations.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 37/100 |
| Ease of Business | moderate |
| Internet Freedom | free |
| Banking Access | open |

## Enforcement

Limited enforcement. General AML monitoring by banking regulators.

## CBDC Status: none

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [Superintendencia de Bancos de Panamá](https://www.superbancos.gob.pa)