Banks to offer cryptocurrency storage service in Panama amid interest in bitcoin

Panamanian financial institution Towerbank is launching new opportunities for the crypto community. Representatives of the bank told selected crypto enthusiasts during a meeting that they are ready to open cryptocurrency accounts. They also added that the bank is now becoming bitcoin-friendly.

This happened at a meeting on the future of blockchain organized last week by the Panama Chamber of Digital Commerce and Blockchain.

The bankers present at the meeting promised that cryptocurrency «vip» clients will not experience the problems that ordinary Panamanians experience during cryptocurrency transactions (the country often has difficulties buying and selling crypto from bank accounts).

The moderator of the event, Cristobal Pereira, even tweeted about this event to reassure cryptocurrency holders that they should not be afraid to open accounts and deposit funds from centralized exchanges.

The bankers noted that transactions should not exceed $ 5,000 per month, a decision that was made due to the need to comply with anti-corruption laws.

It is worth noting that Panama recently voted to legalize cryptocurrencies, but this month the president announced that he will not sign the cryptocurrency bill in the near future.