PANAMA Trends and Developments
Trends and Developments Contributed by: Teresa Carballo and Edgar Young Pacifica Legal
Pacifica Legal is one of Panama’s most active law firms in the crypto and digital asset space, having supported more than 500 crypto projects to date, including those ranked among the top 100 by mar- ket capitalisation. The firm provides end-to-end le- gal, corporate, and advisory services to a worldwide clientele. Headquartered in Panama City, Pacifica Legal focuses on crypto, tech, and early-stage ven- tures. Core practice areas include corporate structur- ing and incorporation of corporations, foundations, SPVs, and holding vehicles; crypto-friendly corporate
account set-up; AML/CFT compliance and fractional CCO/DPO services; legal opinions; investment and token offering documentation (SAFTs, SAFEs, token warrants, token purchase agreements); terms of use, privacy, and risk disclosures; intellectual property; and estate planning and asset protection. The firm’s client base ranges across L1/L2 networks, CEXs, DEXs, perpetuals platforms, borrowing and lending protocols, vaults, curators, prediction markets, DeFi protocols, tokenisation platforms, wallets, and funds.
Authors
Teresa Carballo is a Panamanian lawyer focused on bridging technology and law, with a practice centred on advising blockchain and virtual asset projects on their legal and regulatory strategy, particularly in
Edgar Young is a partner at Pacifica Legal, specialising in emerging technologies, including crypto, fintech, IT, and intellectual property. His practice focuses on offshore corporate structuring, regulatory
Panama and Mexico. She is a co-founder of Pacifica Legal, where her work frequently involves designing compliant corporate structures and commercial operations, all with a pragmatic, prevention-oriented approach grounded in real-world risk management. She holds a degree in Law and Political Science from the University of Panama. She brings a strong foundation in corporate and preventive law, complemented by litigation experience, which informs her ability to translate complex regulatory issues into clear, actionable guidance for founders and international teams operating in fast-evolving markets.
compliance, and Web3 fundraising for clients, including L1/L2 networks, CEXs and DEXs, DeFi protocols, DAO foundations, and tokenisation platforms. He holds a PhD in International Private Law (with an emphasis on Arbitration) and an LLM in International Private Law from RUDN University in Moscow, as well as an LLB from the University of Panama. Edgar has authored several publications on Panamanian crypto regulation and digital assets, and is a member of the Blockchain Lawyers Group, LegalDAO, and Panama DAO.
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