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 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
Mexican crypto exchange Bitso was announced as a core partner for El Salvador's state-issued BTC wallet.
Bitso to assist the launch of El Salvador's official Bitcoin wallet Chivo
Apple co-founder Steve Wozniak declared “Bitcoin is the only digital gold” years ago, but he claims that he still hasn’t invested in BTC.
Bitcoin is a miracle and better than gold, says Apple co-founder Wozniak
2TM GRoup, the company behind Mercado Bitcoin, is now valued at $2.1 billion. It's the second crypto exchange in Latin America to eclipse the $1 billion valuati...
Latin America’s Mercado Bitcoin exchange raises $200M from SoftBank
A warning from the country's financial regulators seemed to be specifically targeting Ricardo Salinas Pliego, who on Sunday said he would explore his bank accep...
Mexico may not be following El Salvador's example on Bitcoin... yet
Ricardo Salinas Pliego wants his bank to be the first in Mexico to accept BTC.
Billionaire vows to spearhead Mexico’s first Bitcoin-friendly bank