Regulation· ★★★· neutral·

Panama's securities regulator excludes crypto assets from its oversight

  • —SMV says crypto firms need no securities licence solely for crypto activity
  • —Crypto assets fall outside SMV oversight, leaving investors without its protections
  • —A 2022 crypto bill was vetoed by then-president Laurentino Cortizo
  • —AML rules still apply, but no agency supervises exchanges or custodians
Why it matters: Panama still lacks a dedicated crypto regulator, easing operations for platforms while leaving investors unprotected and complicating banking access.
Source: CriptoTendencias
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