First Mexican Exchange Debuts

Santiago Nieto Castillo, leader of the UIF, the Mexican financial regulator, has issued an alert that 12 cryptocurrency exchanges are operating illegally in the country. The regulator is now producing the necessary data for Mexican authorities to act against these exchanges. The institution receives information from 23 registered cryptocurrency exchanges reporting users’ transactions. Mexican Regulator on the Hunt for Unregulated Exchanges The Financial Intelligence Unit (UIF), the Mexican financial regulator, issued an alert about 12 cryptocurrency exchanges that are operating....

Mexican bitcoin exchange Bitso has exited beta with a number of initiatives aiming to attract new users in the country. The company first went live in April as the first exchange aimed at Mexico's burgeoning bitcoin ecosystem, with features designed specifically for locals. "As we are not a 'cookie cutter' exchange, we're really able to offer services tailored to the particular needs of the Mexican market," Bitso chief technology officer Ben Peters told CoinDesk. For instance, the exchange is fully integrated with Compropago, a local payments service that allows Bitso users to fund their....

Bitso, a bitcoin exchange based in Mexico, was able to secure a seed-funding round from the Digital Currency Group and angel investors in the country. The exchange plans to expand in Mexico and collaborate with the Mexican government's current approach to cross-border payments in the region. In the country, there are very few people who have access to bank accounts or credit cards, which means that alternative forms of fund transfer are welcomed. The Mexican government has already launched an initiative called Transfer, which also works with Mexican banks and corporations including....

Bitso a Bitcoin to Mexican Peso exchange, which uses the popular cryptocurrency to let Mexicans freely trade dollars and pesos in and out of Bitcoin. Donald Trump has been facing a lot of backlash over his idea to build a wall around Mexico to halt the remittances flowing from the US to this country. While it is evident Bitcoin can easily sneak around any artificial wall, Mexican Bitcoin startup Bitso raised US$1.85m to provide better remittance solutions. Attacking the remittance payment industry is never a smart idea, and Donald Trump will come to that realization at some point in his....

Mexican bitcoin exchange Bitso has secured a seed-funding round led by Barry Silbert's Digital Currency group which was participated in by Mexico-based angel investors.With the new financing, Bitso plans to expand its team in Mexico and aggressively push its project to use bitcoin for cross-border payments across South America. Since the majority of the population has no access to bank accounts or credit cards, Bitso aims to provide the nation with a cheaper yet robust mobile payment platform by connecting its bitcoin exchange with Transfer. Transfer is a lightweight banking initiative....