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.
The 166th wealthiest person in the world has revealed that he has invested in Bitcoin.
Mexico’s second-richest man invests 10% of his liquid portfolio in Bitcoin
The debit card is endorsed by the P2P marketplace after a partnership
Spanish neobank jointly launches debit card with Paxful
The results could be a good sign for the proliferation of distributed technology.
An encryption study revealed a surprising fact about blockchain adoption in Mexico
Venezuela may have the most crypto volume, but this country bests all of Latin America when it comes to retail crypto transactions.
This country accepts more retail crypto transactions than anywhere else in Latin America
The traditional banking sector is lagging behind in the race with crypto.
A new report from Mexico says banks are used to launder money more than crypto
Crypto exchange Tauros will offer the first crypto debit card backed by Dash in Latin America.
Dash Launches Latin America’s First Ever Crypto Debit Card
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