Bookmarking Crypto Insights
Auto Added by WPeMatico
Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks for the creation of a … Read more
The government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the official account of the presidency of Mexico informed that the development should be ready towards 2024, and remarked about the importance the technology has for the future of the financial structure of the country. Banxico … Read more
The long-awaited rules on crypto assets recently published by the central bank of Mexico have caused quite a stir. A local cryptocurrency exchange’s CEO explains to news.Bitcoin.com that “the impact goes beyond the crypto industry.” Calling it “a disaster,” he asserts that the people within the central bank “have really shown their ignorance” about cryptocurrency. … Read more
The central bank of Mexico has published rules on crypto assets that put crypto exchanges in “a catch-22 type of situation,” the CEO of a local exchange explained to news.Bitcoin.com. They “essentially stipulated that they wouldn’t authorize any cryptocurrency to be offered by regulated financial companies.” Also read: SEC Chair Explains Key Upgrades Needed for … Read more
The government of Mexico has published provisions regarding cryptocurrency. The Bank of Mexico will decide which cryptocurrencies are legal and fintech companies must gain approval from the central bank to operate in the crypto space. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Fintech Law Applies to Crypto The Mexican government published … Read more
Mexico’s bill to regulate cryptocurrency exchanges has been approved by the country’s lower house of Congress and is now awaiting the signature of President Enrique Pena Nieto to become law. Crypto operators have 12 months to comply, a local crypto exchange explained to news.Bitcoin.com. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Mexico’s Crypto … Read more
Mexico’s bill to regulate fintech institutions including cryptocurrency exchanges is expected to become law within “weeks,” according to local crypto exchange ISBIT. Daniel Luévano, the exchange’s director of operations, shared with news.Bitcoin.com what to expect from the new law, citing a leaked document he obtained from the recent meeting of regulators. Also read: Indians Look to … Read more
