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.
New technologies and a next-generation payment infrastructure would help Mexico become more financially inclusive.
Mexico confirms plans to roll out CBDCs in 2024
Life advice from Mexico’s third-richest person: “Don’t be jealous, believe in yourself and buy Bitcoin.”
Mexican billionaire says ‘buy Bitcoin’ in New Year message
Bitso is also known as the core crypto service provider for El Salvador’s official Bitcoin wallet, launched in September.
Bitso and Circle work on crypto payments between Mexico and US
El Salvador’s Bitcoin adoption agenda continues apace, this time extending to a local airline.
Subsidiary of Mexican airline Volaris to accept Bitcoin payments
MDS Mexico will use blockchain technology to verify the authenticity of its rapid coronavirus test results.
Mexican medical firm embraces blockchain for COVID-19 test certificates
The Bank of Mexico and the National Banking and Securities Commission issued a statement earlier this year warning financial institutions not to deal with digit...
Mexico's president rules out accepting crypto as legal tender
Governor Díaz de León said Bitcoin resembles “a dimension of precious metals” when compared to the central bank’s fiat money.
Bitcoin transactions ‘akin to bartering,’ Bank of Mexico governor says