The mayor of Panama City seemingly advocated for a city-level Bitcoin reserve in a mysterious post after meeting two of El Salvador\u2019s Bitcoin policy leaders this week. <\/p>\n
Panama 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.<\/p>\n
\u201cBitcoin Reserve,\u201d Mizrachi wrote<\/a> to X on May 16 after meeting El Salvador-based Bitcoiners Max Keiser and Stacy Herbert.<\/p>\n While 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<\/a> in Las Vegas, where Mizrachi is scheduled to speak.<\/p>\n The creation of a Bitcoin reserve in Panama City would follow a recently approved measure permitting the use of crypto for public payments,<\/a> including taxes, fines and municipal fees.<\/p>\n Bitcoin (BTC<\/a>), Ether (ETH<\/a>), Tether (USDT<\/a>) and USDC (USDC<\/a>) will be accepted once the crypto-to-fiat payment rails are established, Mizrachi said at the time.<\/p>\n To push for a Bitcoin reserve<\/a> at the federal level, Mizrachi would need to collaborate with Panama\u2019s National Assembly to craft legislation.\u00a0<\/p>\n There\u2019s no evidence to suggest that he has taken such measures.<\/p>\n Mizrachi\u2019s post follows the recent enactments of two Bitcoin reserve bills in the US states of Arizona and New Hampshire.\u00a0<\/a><\/p>\n Ukraine is also reportedly inching closer toward adopting Bitcoin as a national reserve asset, <\/a>local media reported earlier in the month.<\/p>\n A post<\/a> from Keiser suggests the trio spoke about how Panama and El Salvador can leverage renewable energy<\/a> to bolster their Bitcoin mining operations.<\/p>\n \u201cBitcoin is transforming Central America. El Salvador\u2019s geothermal & Panama\u2019s hydro-electric will power the Bitcoin revolution.\u201d<\/p><\/blockquote>\n Herbert also noted<\/a> that Panama City will integrate El Salvador\u2019s \u201cWhat is Money?\u201d financial literacy textbook into its online library system.<\/p>\n Related: <\/strong><\/em>Basel Medical shares down 15% on $1B Bitcoin buying plans<\/strong><\/em><\/a><\/p>\n Keiser and Herbert have played a crucial role in crafting El Salvador\u2019s Bitcoin policy,<\/a> which includes a Bitcoin reserve consisting<\/a> of 6,179 Bitcoin (BTC<\/a>), worth nearly $640 million.<\/p>\n Keiser serves as President Nayib Bukele\u2019s<\/a> Bitcoin advisor, while Herbert runs the country\u2019s Bitcoin Office.<\/p>\n Magazine: <\/strong><\/em>Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee<\/strong><\/em><\/a><\/p>\nBitcoins Mizrachi, Keiser and Herbert discussed Bitcoin mining, education<\/h2>\n