Yes, if it was years ago, Panama's leaders may have had the following wish list:
1) a physical vault on Panama's sovereign territory;
2) the flexibility of a global network of vaults;
3) a partner yield to fund development goals;
4) a retail saving and spending facility.
Only the structure of the allocation of revenue returns by Kinesis enables all this, in addition to the technology and experience.
At the time, all the above were likely just a vision, so Panama's leaders bought the people involved, their attitude and honesty, because they knew that realistically it would take years. So by the time it comes to draft legislation, you're dealing with long term, trusted partners who really make more than best endeavours over years to deliver.
What message will they relate to other leaders, especially when it's all working? Who else is there and what might the relative risks be?
Looking at Atlas on Google's atlas, there are some very interesting countries to the north and south of Panama, with huge, tokenisable assets: oil, gold, lithium, agricultural products...
If those countries' leaders see it working for Panama, why not?
Let's hope for more.
