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About Blockchain and Cryptocurrencies in Panama

With the rapid growth of blockchain technology and the evolution of cryptocurrencies, it is necessary to keep up to date.

We believe that the development of public and private blockchain solutions opens numerous opportunities for innovators and existing companies.

Technologies such as these ones are often accompanied by legal challenges. For that reason, Kraemer & Kraemer is available to support you on your crypto and blockchain related matters.

What is blockchain and how does it work?

The blockchain, also known as DLT – distributed ledger technology, is a system of recording information that makes it difficult or impossible to change, hack or cheat the system. This is a digital ledger of transactions that is duplicated and distributed throughout the network of computer systems.

As a database, a blockchain stores information electronically in digital format. The main purpose is to allow digital information to be recorded and distributed, but not edited.

In this way, a blockchain is a basis for immutable ledgers or transaction records that cannot be altered, erased, or destroyed.

Cryptocurrencies in Panama

Cryptocurrencies have become a living example of the use of blockchain technology. Cryptocurrencies such as Bitcoin or Ethereum are used to decentralize financial services, people can use them to make payments and reduce transaction fees.

Kraemer & Kraemer can assist you

Our team is ready to assist you and clarify your doubts related to the legal landscape and services for cryptocurrency and blockchain. Additionally, services purchased through our website can be paid for using cryptocurrencies such as bitcoin, Litecoin, or Ethereum.

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