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.
Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020.
India Leads P2P Volume Records Among Emerging Markets
Mexican media report on a new study that reveals a lack of trust from locals towards public cloud network security as cryptojacking cases rise.
Cryptojacking and Ransomware Cases Grow in Mexico
Two promoters of $4 billion crypto exit scam OneCoin have been found dead in Mexico.
Two OneCoin Promoters Found Dead in Mexico
Ripple and Coinbase-backed cryptocurrency exchange Bitso has topped Argentina’s crypto market in the six months after launch.
Bitso Hits 1M Users as Crypto Adoption Spikes in Latin America
OKEx partners with major LATAM digital settlement network to unlock crypto purchases with three local currencies.
OKEx Now Features Latin American Fiat Gateway with Latamex
Mexico’s blockchain sector is producing robust growth, with the sector having nearly doubled in size since 2018.
Mexico’s Blockchain Sector Grows 90% in 2 Years Despite COVID-19
A crypto exchange from Mexico has launched an initiative to gather COVID-19-related donations through cryptocurrencies.
Mexican Companies Launch Crypto Donation Platform for People Impacted by COVID-19