Mexico lawmakers aim to follow the example of neighboring countries with prop...
“We are going to lead the shift to crypto and fintech in Mexico,” said one senator. Eduardo Murat Hinojosa, a senator of the federal government of Mexico, has said he will be submitting a proposal to lawmakers seemingly aimed at crypto adoption in the country.In a tweet today, Hinojosa changed his profile picture to feature the senator speaking into a microphone with the iconic “laser eyes,” indicating support for crypto. The lawmaker said he would be “promoting and proposing a legal framework for crypto coins in Mexico's lower house,” specifically mentioning Bitcoin (BTC).Voy a promover y....
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Donald Trump's idea to finance the US-Mexico wall by imposing taxes on remittance between both countries will see people opting for Bitcoin and other cryptocurrencies. Cryptocurrencies may soon rule the United States – Mexico remittance market. As President Donald Trump reiterates his vision to build a wall between the two countries, United States may look for ways to recover a portion of expenses from Mexico either through increased taxes or remittance blockades. Mexico may not willingly bear its fair share of costs as it is not comfortable with the wall separating both countries. It....
A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest in bitcoin. More Countries Eye Bitcoin Adoption After El Salvador passed the bill making bitcoin legal tender alongside the U.S. dollar, a growing number of lawmakers in neighboring countries have either expressed their interest in making a similar move or put laser eyes on their Twitter profile....
New technologies and a next-generation payment infrastructure would help Mexico become more financially inclusive. Mexico has announced that it would introduce a new national central bank digital currency (CBDC) in 2024, according to a tweet posted on Thursday. The tweet by an account representing the Mexican presidency highlighted that "new technologies and next-generation payment infrastructure" will help Mexico become more financially inclusive.El @Banxico informa que hacia 2024 tendrá una moneda digital propia en circulación, por considerar de suma importancia estas nuevas tecnologías....
The Bank of Mexico and the National Banking and Securities Commission issued a statement earlier this year warning financial institutions not to deal with digital assets, but the president has not often spoken directly on the subject. President of Mexico Andrés Manuel López Obrador said the country was unlikely to follow in El Salvador’s footsteps by adopting cryptocurrencies like Bitcoin as legal tender alongside fiat.In an Oct. 14 press conference, Obrador, also known as AMLO, said Mexico “must maintain orthodoxy” in its financial management and would not be changing its position on....
The U.S lawmakers have released Crypto Tax Fairness Act on Monday to accelerate cryptocurrencies’ adoption in the mainstream. The act aims to make digital currency legitimate as a payment method. This move can also influence neighboring countries to adopt emerging technology, and ultimately, this will help digital assets to perform well globally. India is one […]