Mexico's Payment Restrictions Now Cover Bitcoin
Mexico's Secretariat of Finance and Public Credit (SHCP) has clarified its stance on bitcoin, deeming it a means of payment whilst placing a series of restrictions on transactions involving the digital currency. Following the Bank of Mexico's warning about the use of virtual currencies last year, the SHCP said bitcoin will be subject to the same restrictions placed on some transactions involving cash or precious metals. A loosely translated version of the statement reads: "According to guidelines focused on the risks of virtual currencies issued by Grupo de Accion Financiera Internacional....
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