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PNXP dba C2C Loans Announces Corporate Formation in Panama City, Republic of Panama
PNXP dba C2C Loans Announces Corporate Formation in Panama City, Republic of Panama.
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[{"type":"text","content":"Pineapple Express Cannabis Company, Inc. now doing business as Crypto2Cash Loans, Inc. (OTC: PNXP), the first multi-asset digital lending platform accepting cryptocurrency, NFTs, and tokenized real-world assets (RWAs) as collateral, today announced the formal incorporation of C2C Loans S.A. in Panama City, Republic of Panama.RWA Lending Pioneer Establishes \"C2C Loans S.A.\" as Registered Corporation, Pursues Pawnshop and Money Service Business Licenses in Crypto-Friendly JurisdictionThe new corporate entity will serve as the operational headquarters for the company's digital pawn and lending services, with plans to obtain both a pawnshop license and a Money Service Business (MSB) license from Panamanian regulatory authorities.Strategic Jurisdiction SelectionC2C Loans selected Panama City as its corporate domicile after extensive evaluation of global financial centers, citing three primary factors:1. U.S. Dollar as Legal TenderPanama is one of only a few countries worldwide that uses the U.S. dollar as its official currency, eliminating foreign exchange risk and simplifying financial operations for a platform serving a global, dollar-denominated digital asset market.2. Stable Government and Legal FrameworkPanama offers a stable democratic government, robust legal protections for businesses, and a well-established corporate law framework that has attracted international financial services companies for decades.3. Strong Banking InfrastructureThe country's banking system, regulated by the Superintendencia de Bancos de Panamá, provides the institutional-grade financial infrastructure required for a compliant digital asset lending operation.Panama City: Emerging as a Global Crypto HubC2C Loans' incorporation comes at a pivotal moment for Panama's digital asset ecosystem. Under the leadership of Mayor Mayer Mizrachi, Panama City has rapidly emerged as one of the most crypto-friendly jurisdictions in the Americas.Recent Crypto-Forward Initiatives Under Mayor MizrachiApril 15, 2025 — Historic Crypto Payment LegislationThe Panama City Council voted to become the first public institution of government in Panama to accept cryptocurrency payments. Citizens will soon be able to use Bitcoin (BTC), Ether (ETH), Circle's USD Coin (USDC), and Tether's USDt for various payments including taxes, bus tickets, and permits.May 2025 — ...