Saturday, July 2, 2022

Mexican senator proposes to make bitcoin a legal tender.

The Takeaway:

Mexican senator Indira Kempis said that she is working on a crypto bill making bitcoin legal following the El Salvador's lead.

Amid El Salvador’s reporting on cases of the positive impact of the country’s Bitcoin (BTC) adoption, a government official in Mexico has once again urged that the country should follow El Salvador’s example on Bitcoin. Indira Kempis, a senator representing Nuevo León state, is confident that Bitcoin should be legal tender in Mexico because Bitcoin adoption can potentially drive global financial inclusion. 


Mexican senator is developing a cryptocurrency bill based on El Salvador’s “Bitcoin Law.” 

The Mexican senator is now developing a cryptocurrency bill based on El Salvador’s “Bitcoin Law.” Kempis said she expects to introduce the crypto bill to the Mexican Congress this year in an interview with El Salvador In English publication after visiting El Salvador a few weeks ago. “It is clear to me that financial exclusion is one of the public problems that few of us have addressed with feasible alternatives and that this type of technology is allowing us to generate an alternative so that millions of people can be included in the financial system,” Kempis added.


Bitcoin adoption could address inequality and achieve financial inclusion, the senator opined. 

The Mexican senator went on to say that Bitcoin adoption is a historic opportunity for countries around the world to address issues like inequality and achieve financial inclusion, stating: “We need Bitcoin to be legal tender in Mexico because if it is not so if we do not make that decision as El Salvador did, it is very difficult to take action.” The senator also suggested that Salvadoran President Nayib Bukele could have started a Bitcoin revolution that could reach all countries. “Making Bitcoin a legal tender means putting a level playing field for people who are excluded in almost all countries,” she added.

Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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