Pro-Bitcoin Mexican Senator Proposes CBDC Legislation
Senator Kempis’ draft bill calls for a central bank digital currency to be legal tender in Mexico and claims state intervention is native to human rights.Mexican Senator Indira Kempis recently introduced draft legislation amending the country’s Monetary Law to include currencies issued by the central bank. Kempis outlines in repetition that intervention from the Mexican state is necessary to the success of the financial system of Mexico. She also says that state intervention is “native” and “inevitable” for the citizenry of Mexico to possess human rights and for the development of....
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U.S. Senator Ted Cruz has introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals and competing with the private sector. The senator from Texas warned that not only would this CBDC model centralize financial information, leaving it vulnerable to attack, but it could also be used “as a direct surveillance tool into the private transactions of Americans.”
Senator Cruz Introduces Bill to Prevent the Fed From Issuing Digital Dollar to Retail Consumers
U.S. Senator Ted Cruz (R-TX)....
Indira Kempis, senator of the Mexican Congress, has proposed a bill that would make bitcoin legal tender in the country. The bill bases its action on the hardships that Mexican citizens are facing went trying to access financial products and education. However, the Central Bank of Mexico has been against the introduction of bitcoin into the financial system of the country.
Bill Proposes to Make Bitcoin Legal Tender in Mexico
Mexico is another of the countries in Latam that is taking a look at what bitcoin might bring when introduced to its economy. This week, Senator Indira....
Bitcoin has a strong ally in Mexico. The crypto must be accepted as a legal tender, a Mexican senator said. Senator for the state of Nuevo León, Indira Kempis, is certain that Bitcoin must be recognized as legal currency because its implementation might promote worldwide financial inclusivity. The bill’s provisions are motivated by the obstacles […]
Nuevo Léon senator, Indira Kempis, seeks to introduce legislation to make bitcoin legal tender in Mexico.
U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said.
Senator Pushes for Crypto Adoption in Congress
U.S. Senator Ted Cruz has introduced a resolution titled “Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution,” also referred to as “ACCEPT Resolution,” in the Senate Monday.
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