Laurentino Cortizo, the President of Panama, has expressed some reservations about the cryptocurrency bill.

     Panama's Parliament unanimously approved the cryptocurrency measure. With the President's pushback on the bill, the situation is becoming strange.

     There are several reasons for this potential veto. President Cortizo, by the way, has refused to sign this bill, citing money laundering as a reason. However, American pressure is thought to be a major factor in this.

     For corruption in Brazil, a New York court recently convicted two sons of former Panamanian President Ricardo Martinelli to three years in prison and substantial fines. Having an impact on Panama is natural.

     Everyone knows that El Salvador and the United States have a snake-mongoose-like rivalry over bitcoin. With the use of cryptocurrencies, Cuba and Russia have managed to avoid US sanctions. As a result, America is becoming increasingly wary of cryptocurrency.

     The United States' lobbying could harm countries considering making cryptocurrency legal tender.