Laurentino Cortizo, the president of Panama, has revealed his refusal to sign the recently approved cryptocurrency legislation due to possible money laundering. The president explained his position with the fact that the legislation is possibly too undefined and might allow for money laundering within the system.
Additionally, Cortizo expresses his concern about such a ruling and that he and the government as a whole would like to take action in the crypto sphere with more caution than is currently present. However, the president reveals that he and his lawyers are still examining the jurisdiction at hand to make a unified decision.
