Panama's National Assembly passed on Thursday legislation that regulates the use of cryptocurrencies in this central American country, allowing people to pay taxes with their crypto assets.
The voting comes after the Cuban central bank introduced regulations on the use of cryptocurrencies earlier this week, allowing financial transactions and the transfer of money for those licensed to do so.
Bitcoin and Ethereum gained over 2% each at 2:58 pm ET following the news to trade for $40,106 and $2,963, respectively.
