The licenses are known for operating something like a pay-to-play system, meaning the licenses can be more or less bought by operators. The Panama-license has been available to operators since 2002.
http://forum3.bandingklub.cz/viewtopic. ... &t=1130503
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http://www.20hz.ca/boards/viewtopic.php?t=61936
http://daveandspencer.com/forums/viewto ... 3&t=686007
https://talk.hyipinvest.net/threads/213336/
http://sharecovid19story.com/viewtopic.php?t=2718685
https://www.seono1.co.th/forum/index.ph ... w.html#new
http://forum.ruchkontroliwyborow.pl/ind ... 09.new#new
https://www.ww2.site/forum/viewtopic.php?t=50783
https://gourmetgrass.co/exploring-toron ... ent-106784
http://forum.bandingklub.cz/viewtopic.p ... &t=1311620
http://ewmen.com/viewtopic.php?p=1374310#p1374310
https://www.schweizuhren.de/cle-de-cart ... ment-40618
