News
The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region.
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Mexico News
Mexico is a federal presidential representative democratic republic in the southern part of North America. According to the International Monetary Fund, the country is the 15th largest country by nominal GDP and the 11th largest country by purchasing power parity. In terms of cryptocurrency, in March 2018, the Mexican government presented its draft legislation which describes Bitcoin as a digital asset and sets regulations on making transactions with virtual money. Due to the high market capitalization, protocols, algorithms, etc., authorities will determine which kinds of cryptocurrency fits the definition of an asset. The main purpose of the law is to raise their national economy by attracting international companies and investors interested in digital currencies.
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Senator and outspoken crypto proponent Indira Kempis shared her excitement at the development on Twitter, stating that it was "for freedom, inclusion and financial education in Mexico."
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Billionaire and Bitcoin advocate Ricardo Salinas believes that the growth of Bitcoin is inevitable, but its future depends on how fast and cheap transactions can get.
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A Brazilian newspaper, Estadão, reported that Coinbase could complete the acquisition of $2.2 billion 2TM, the company behind Mercado Bitcoin, by April.
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Indira Kempis, a senator representing the Nuevo León state in Mexico, is working on a crypto bill based on El Salvador’s Bitcoin Law.
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Founded in 2014 in Mexico, Bitso is now officially present in Argentina, Brazil, El Salvador and Colombia.
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Blockchain-powered solutions have been on the front line of the battle against the virus, yet their potential has been underutilized.
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New technologies and a next-generation payment infrastructure would help Mexico become more financially inclusive.
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Life advice from Mexico’s third-richest person: “Don’t be jealous, believe in yourself and buy Bitcoin.”
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Bitso is also known as the core crypto service provider for El Salvador’s official Bitcoin wallet, launched in September.
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El Salvador’s Bitcoin adoption agenda continues apace, this time extending to a local airline.
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MDS Mexico will use blockchain technology to verify the authenticity of its rapid coronavirus test results.
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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.
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Governor Díaz de León said Bitcoin resembles “a dimension of precious metals” when compared to the central bank’s fiat money.
9527 - News
Mexican crypto exchange Bitso was announced as a core partner for El Salvador's state-issued BTC wallet.
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