Australia looks at Panama’s potential for cryptocurrency investment fund

Through the first blockchain technology company registered in its Stock Exchange, Australia chose Panama to establish the first cryptocurrency investment fund hub in Latin America.

It is expected to be operational before the end of 2018; it was known that the selection of Panama is due to the fact that there is an attractive environment to host this type of innovation. Panama has made determined inroads into the use of new technologies such as blockchain in the modernization of its financial services platform, through a governmental initiative, which will allow it to recover its competitive advantage.

The blockchain technology company, which today has 9 million Australian dollars, said that Panama also offers other benefits by working hand in hand with regulators, industry and companies specializing in technology. “Panama can make a difference in the coming months,” he said.

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Panama will be regional leader in cryptocurrencies

Panama is one of the most dynamic economies worldwide in financial and banking services, one of the initiatives that seek to implement a 10-year strategic plan whose objective is to become the leader of cryptocurrencies in the region, which has been a progress with the project to modernize the financial system in the Republic of Panama.

By means of Licenses on any activity of administration of markets or platforms in which cryptocurrencies are bought or sold, or of storage of them in favor of third parties, cryptocurrency custody wallets will be required, which will require the prior obtaining of the special license established. in the bill in debate.

The plan seeks the implementation of rules applicable to market administration entities and the provision of cryptocurrency custody and / or storage services.

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Why do you need a second passport portfolio? … And how to create one

Just the other day on a YouTube channel, people talked about what it means to be a foreign investor and how it is different from being a digital investor or an expatriate. For example, the typical investor will create an investment portfolio with a wide range of asset classes, from stocks to government and corporate bonds, treasury bonds; real estate investment funds (REIF), mutual funds and investment certificates. Deposits and physical assets such as real estate to hard assets such as gold.

A foreign investor will adopt a slightly different approach, perhaps choosing to avoid some of the less profitable investments popular among investors in their home country in favor of international investment opportunities that allow them to go beyond the simple diversification of assets to obtain diversification geographic and higher yields.

I have shared my personal asset allocation strategy for foreign investment before, highlighting the important differences between a foreign investor and the regular investment strategies. One thing we have not discussed, however, is the importance of creating a passport portfolio.

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