BlockchainThe Mexican president has no plans to legalize Bitcoin

The Mexican president has no plans to legalize Bitcoin

The Mexican president has no plans to legalize Bitcoin, and would rather tackle a more classic problem than embark on a race for financial innovation. Bitcoin has other support, however, both in the political and economic circles of the country.

Mexico and Bitcoin: a no, for the Mexican president

The President of Mexico, Andrés Manuel Lopez Obrador, aka AMLO, told a press conference on October 14, 2021, that his country will not adopt Bitcoin as legal tender  :

“We are not going to change on this point. We believe that we must maintain orthodoxy in financial management [and] not try to innovate too much in financial management ”.

According to him, the government will instead focus its attention on the mechanisms for preventing tax evasion , in order to ensure ”  that there are no privileges, that everyone contributes to the national effort.”

Bitcoin the new gold, Mexico in El Salvador’s footsteps

Obrador’s position is not unanimous, however. Nuevo Leon State Senator Indira Kempis supports El Salvador’s decision to make Bitcoin legal tender . In her speech during Talent Land Digital 2021, she called on Mexico to follow this path:

“When will Mexico stop with these digital delays so that we can deal with our problems, why is El Salvador succeeding and why not Mexico, which has similar conditions?” “

Major economic players are also supporting cryptocurrencies in the country. The third richest man in Mexico, Ricardo Salinas Pliego, had once again shown his support for Bitcoin in a tweet on June 27, 2021. There he declared his intention to open the first bank accepting Bitcoin in Mexico . Salinas had previously claimed that it was “absolutely correct” to view Bitcoin as the new digital gold.

Mexico will therefore not imitate El Salvador , according to its president. The country further indicated in 2020 that cartels were increasingly using cryptocurrencies to launder their money. Financial orthodoxy and this criminal image of cryptocurrencies can be put forward as arguments by the country’s authorities, to justify their closure to Bitcoin and its cadets.

Stephanie Evans
Stephanie Evanshttps://www.newsalarms.com/
I'm the lady in charge of News Alarms, but also getting all the reviews up on the website, so you can thank me for all those shining stars – or blame me for a lack of them. I also spend my time working my SEO magic to try and coax the Google Juice to flow in our favor.

Latest news

World Blockchain Summit Set the Stage for a Decentralized Future with Ground-breaking Insights and Collaborations

The 24th edition of World Blockchain Summit – Dubai 2023, under the patronage of HH Sheikh Juma Ahmed Juma...

Tap Payments and PayPal partner to expand global reach for MENA businesses

Dubai, March 23, 2023, ZEXPRWIRE,  Tap Payments, the leading fintech company in the Middle East and North Africa (MENA)...

Future Blockchain Summit partners with Paris Blockchain Week and Speaks on Opening Panel at the Louvre

Paris, France, March 14, 2023, ZEXPRWIRE, Future Blockchain Summit has become a partner event of the Paris Blockchain Week...

CoinMarketAlert – An Exceptional Crypto Price Alerting Tool For Effective Portfolio Management.

Zurich, Switzerland, March 10, 2023, ZEXPRWIRE, CoinMarketAlert is a groundbreaking crypto price alerting service that offers an efficient way...

Unleashing the Heroic Tales of K9 Veterans: The Popular Pets Honors Canine Soldiers on K9 Veterans Day

HOLLISTER, CA, March 9th, 2023, ZEXPRWIRE, Hold on to your leashes K9 Veterans Day is just around the corner,...

Nuritopia Surprises Its Community with a New Airdrop Voting Event

Seoul, Korea, March 6, 2023, ZEXPRWIRE, Nuritopia, the social dating metaverse aiming at connecting people together worldwide, is offering...

Must read

USD 19,500, the new key price of bitcoin to start an upward movement

Key facts: In the past, $19,500 has been a resistance...

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced...

You might also like
Recommended to you