Mexican Senator Aims to Introduce Bitcoin Legal Tender Bill

Mexico City’s Senate Building Now Has a Bitcoin ATM (Report)


Mexico has reportedly gotten one other Bitcoin Automated Teller Machine (ATM), and this time it’s positioned within the Senate constructing in Mexico Metropolis. Curiously, some native politicians, corresponding to Miguel Ángel Mancera, had been behind the transfer.

Bitcoin ATM on the Senate’s Entrance Door

In response to the native coverage, the Mexican authorities put in the 14th Bitcoin ATM within the Senate’s constructing within the capital Mexico Metropolis, hinting at an additional future interplay with the digital asset. The remaining 13 such machines are positioned in main cities like Cancún, Tijuana, Guadalajara, and Culiacán.

It’s value noting that some famend Mexican politicians lobbied for the transfer. A kind of is Mexico Metropolis’s earlier mayor – Miguel Ángel Mancera. He believes bitcoin has emerged as a profitable competitor of main fee networks corresponding to PayPal and Visa, and is on a path to turning into mainstream:

“I believe it has already reached a degree, as we might say of evolution, a boiling level, the place it reaches us all.”

Indira Kempis – a Mexican Senator and a eager proponent of the cryptocurrency sector – took to Twitter to spotlight the initiative. Standing subsequent to the ATM, she proclaimed the well-known phrase: “To the moon.”

Subsequently, Ricardo Monreal – the President of the Political Coordination Board of the Senate – argued that Mexico’s authorities ought to open its arms to the crypto trade and set up a regulatory framework. He identified that different Central and South American nations, together with Panama, Argentina, Brazil, and Peru, have already hopped on the bandwagon. As such, Mexico ought to observe go well with and never fall behind in that subject.

Is Bitcoin Near Changing into a Authorized Tender in Mexico?

In February this 12 months, Senator Kempis vowed to push for a legislation to make Mexico the second nation after El Salvador, the place bitcoin is an official technique of fee.

“We want bitcoin to be authorized tender in Mexico as a result of if it’s not so if we don’t make that call as El Salvador did, it is vitally tough to take motion,” she stated on the time.

She additionally emphasised the necessity for such laws since hundreds of thousands of Mexicans lack entry to primary monetary providers, and cryptocurrencies could possibly be an applicable answer to the issue.

Practically two weeks in the past, Kempis introduced a invoice centered on digital property. Nonetheless, it was not designated in the direction of making BTC authorized tender. As a substitute, she focused CBDCs, proposing that “solely the central financial institution” may subject a digital forex for Mexico.


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