Digital Peso to Be Launched in Three Years According to Governor of Banxico
Banxico, the Central Bank of Mexico, has announced it expects the development of its central bank digital currency (CBDC), the digital peso, to be completed in about three years. Victoria Rodríguez Ceja, the governor of Banxico, reported this before the Mexican Senate and added that the new currency should fulfill the three traits of money to create more financial inclusion. Governor of Banxico Reports CBDC Advancements Banxico has given a status update on its CBDC, the digital peso. The governor of Banxico, Victoria Rodríguez Ceja, informed that the bank had a rough....
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The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno's term, which ends in 2023.
Just a week ago, Filipino congresswoman Kimi Cojuangco introduced a bill in the Filipino House of Representatives that would create a government-backed digital currency that would serve as an official medium of exchange for domestic online payments. This digital currency, known as the "e-peso," was proposed as part of the E-Peso Act of 2014. The e-peso that would be at par with the country's official currency the Filipino Peso would be used as legal tender. Of interest to the bitcoin industry is that in its current form, the bill would require the Filipino central bank, the Bangko Sentral....
Filipino lawmaker and representative of the 5th District of Pangasinan Kimi S. Cojuangco, pushes the proposed "E-Peso Act 2014" to be immediately enacted, as the Philippines is lacking an "official medium of exchange or money for the internet," reported The Philippine Star. The representative explained: Under the bill, E-Peso would become a legal tender and a legal payment method within the Philippines, and would be available in all local banks branches. "What exists is a patchwork of methods using traditional credit systems, which act in place of money on the Internet. The E-peso is the....
The stablecoin issuer Tether Operations Limited has announced the company has launched a new fiat-pegged token tied to the value of the Mexican peso. According to the team the newly launched MXNT tokens will be initially hosted on Ethereum, Polygon, and Tron.
MXNT Stablecoin Is Pegged 1:1 to the Mexican Peso
The stablecoin and blockchain firm Tether has revealed it has launched a new fiat-pegged token that will join the company’s suite of stablecoins. Tether has launched MXNT, a stablecoin that is pegged to the value of the Mexican peso.
Tether’s other....
A proposal to eliminate the physical representation of the Argentine Peso, in order to streamline specific state processes and reduce tax evasion, has been presented by former banker Carlos Maria De Los Santos. The plan, identified as “Argentine Digital Peso,” also predicts that its implementation would lead to lower taxes and bring a surplus to the Argentine economy. Digital Peso Proposal to Stop Tax Evasion On Nov. 4, former Argentine banker and president of the Productive Inclusion Foundation Carlos Maria De Los Santos unveiled a proposal called the “Argentine Digital....