El Salvador vs Panama for a crypto company: which should you choose
Choosing between El Salvador and Panama for your crypto company is a decision between a sovereign Bitcoin experiment and a traditional tax haven with no dedicated crypto law. Both jurisdictions offer distinct advantages, but your choice depends on your business model, regulatory appetite, and long-term goals. CRYPTO LICENSE GUIDE · 2026 El Salvador vs Panama Crypto licensing across 15+ jurisdictions CONSULTING24.CO Regulatory Clarity: Bitcoin Law vs No Crypto Licence El Salvador made history in 2021 by adopting Bitcoin as legal tender through its Bitcoin Law. This provides a clear, albeit unique, regulatory framework for Bitcoin related activities. The government issues a Bitcoin Service Provider (BSP) licence, which covers exchanges, wallets, and payment services. However, the law is narrowly focused on Bitcoin, leaving other cryptocurrencies and DeFi in a grey area. The licensing process can take 3 to 6 months and requires a local office and compliance with anti money launder...