{"id":129441,"date":"2025-05-17T05:18:11","date_gmt":"2025-05-17T05:18:11","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129441"},"modified":"2025-05-17T05:18:11","modified_gmt":"2025-05-17T05:18:11","slug":"panama-city-mayor-teases-bitcoin-reserve-after-meeting-el-salvadors-bitcoin-leaders","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129441","title":{"rendered":"Panama City mayor teases Bitcoin reserve after meeting El Salvador&#039;s Bitcoin leaders"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsPanama City Mayor Mayer Mizrachi has hinted at establishing a city-level Bitcoin reserve in a cryptic post following his meeting with two of El Salvador\u2019s Bitcoin policy leaders.<br \/>\n\u201cBitcoin Reserve,\u201d Mizrachi wrote to X on May 16 after meeting El Salvador-based Bitcoiners Max Keiser and Stacy Herbert.<br \/>\nWhile Mizrachi didn\u2019t share details about his discussions with Keiser and Herbert, the timing of the post came 11 days before the Bitcoin 2025 conference in Las Vegas, where Mizrachi is scheduled to speak.<br \/>\nSource: Mayer MizrachiThe creation of a Bitcoin reserve in Panama City would follow a recently approved measure permitting the use of crypto for public payments, including taxes, fines and municipal fees.<br \/>\nBitcoin (BTC), Ether (ETH), Tether (USDT) and USDC (USDC) will be accepted once the crypto-to-fiat payment rails are established, Mizrachi said at the time.<br \/>\nTo push for a Bitcoin reserve at the federal level, Mizrachi would need to collaborate with Panama\u2019s National Assembly to craft legislation.\u00a0<br \/>\nThere\u2019s no evidence to suggest that he has taken such measures.<br \/>\nMizrachi\u2019s post follows the recent enactments of two Bitcoin reserve bills in the US states of Arizona and New Hampshire.\u00a0<br \/>\nUkraine is also reportedly inching closer toward adopting Bitcoin as a national reserve asset, local media reported earlier in the month.<br \/>\nMizrachi, Keiser and Herbert discussed Bitcoin mining, education<br \/>\nA post from Keiser suggests the trio spoke about how Panama and El Salvador can leverage renewable energy to bolster their Bitcoin mining operations.<br \/>\n\u201cBitcoin is transforming Central America. El Salvador\u2019s geothermal &amp; Panama\u2019s hydro-electric will power the Bitcoin revolution.\u201d<br \/>\nHerbert also noted that Panama City will integrate El Salvador\u2019s \u201cWhat is Money?\u201d financial literacy textbook into its online library system.<br \/>\nRelated: Basel Medical shares down 15% on $1B Bitcoin buying plans<br \/>\nKeiser and Herbert have played a crucial role in crafting El Salvador\u2019s Bitcoin policy, which includes a Bitcoin reserve consisting of 6,179 Bitcoin (BTC), worth nearly $640 million.<br \/>\nKeiser serves as President Nayib Bukele\u2019s Bitcoin advisor, while Herbert runs the country\u2019s Bitcoin Office.<br \/>\nMagazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee<a href=\"https:\/\/cointelegraph.com\/news\/panama-city-mayor-teases-bitcoin-reserve-after-meeting-el-salvadors-bitcoin-leaders?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsPanama City Mayor Mayer Mizrachi has hinted at establishing a city-level Bitcoin reserve in a cryptic post following his meeting with two of El Salvador\u2019s Bitcoin policy leaders.&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129441"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129441"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129441\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129441"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}