Mexican Bitcoin Trading Volume Grows As Local Banks Pass “Donald Trump Stress Test”
New weekly trading volume charts on LocalBitcoins show Mexico has a great appetite for cryptocurrency. The Mexican banking sector is going into some contingency mode right now. If Donald Trump were to win the presidential elections, the banking system in the country would come under a lot of pressure. Financial regulators have ordered all institutions to conduct stress tests modeled after a Trump victory. At the same time, Bitcoin adoption in the country continues its upward trend. Ever since Donald Trump mentioned his plan to block remittances from the US to Mexico if he became president,....
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As Trump Targets Mexican Remittances, It’s Time for Mexico’s Government to Get Serious about Bitcoin
No country had more to lose from Donald Trump’s presidential victory than Mexico, an economy that heavily relies on remittances from the United States. Mexico received $24 billion in remittances in 2015, the country’s largest source of currency after direct investment. The Mexican government has been bracing for this blow and has taken steps to shore up its finances. The impending fallout should give the Mexican government reason to pay more attention to progressive cryptocurrency regulation, considering Mexicans working in the U.S. will have limited recourse for sending money back to....
Congress has been urged to pass a stand-alone stimulus bill to immediately provide Americans with second stimulus checks of $1,200 after talks of approving a larger stimulus package of $2.2 trillion have stalled. New Stimulus Bill for $1,200 Direct Payments to Americans U.S. President Donald Trump is calling on Congress to quickly pass individual coronavirus relief aid measures, including a stand-alone bill to provide $1,200 stimulus checks to Americans immediately. He tweeted on Tuesday: If I am sent a stand alone bill for stimulus checks ($1,200), they will go out to our great people....
This week on Bitcoin Uncensored, Chris and Junseth provide the most accurate and reliable analysis of the 2016 US presidential election. Based on what we heard, Junseth probably rigged the election so Trump could pump his bitcoin investments. Junseth Gets on the Trump Train. At this point in the week, the election has been beaten to death, but the Bitcoin Uncensored guys give the cryptocurrency community a fresh perspective on the race, discussing which candidates would be most beneficial to Bitcoin’s growth and development. “I made all the Bitcoin votes,” Junseth said. “Donald Trump I....
Bitso, the first Mexican exchange, opens for trading tomorrow. Currently this is the only local platform on which to exchange bitcoins for Mexican Pesos. Interested parties will be able to register at bitso.com. The company emphasises that its platform has been designed with ease of use and power in mind. The company already has over 1,000 pre-registered users. It expects these parties to gradually begin using the new exchange platform from tomorrow. It is expected that trading activity will increase as participants become more comfortable with the exchange and the company, and as they get....
The European Banking Authority (EBA) published today the results of the 2014 European Union (EU)-wide stress test of 123 banks. The health check was carried out on 123 European banks by the EBA to determine whether they could withstand another financial crisis. The results: over the three-year horizon of the exercise, 24 banks would fail the stress test - in other words, they could not withstand another financial crisis. 14 of these banks are in the Eurozone. The list of 14 includes four Italian banks, two Greek banks, two Belgian banks and two Slovenian banks. Nine Italian banks have....