Mexican CBDC Unlikely to Be Ready by 2024

banxico mexican cbdc digital pesoThe Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the development of the currency was still in its initial stages, and there is still no […]

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Digital Peso to Be Launched in Three Years According to Governor of Banxico

banxicoBanxico, the Central Bank of Mexico, has announced it expects the development of its central bank digital currency (CBDC), the digital peso, to be completed in about three years. Victoria Rodríguez Ceja, the governor of Banxico, reported this before the Mexican Senate and added that the new currency should fulfill the three traits of money […]

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Mexico Announces It Will Issue Its Own Digital Coin by 2024

mexicoThe 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 […]

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Bank of Mexico’s Attempt to Regulate Crypto ‘Is a Disaster,’ Exchange CEO Explains

Bank of Mexico's Attempt to Regulate Crypto 'Is a Disaster,' Exchange CEO ExplainsThe 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. […]

The post Bank of Mexico’s Attempt to Regulate Crypto ‘Is a Disaster,’ Exchange CEO Explains appeared first on Bitcoin News.

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Central Bank of Mexico’s new Guidelines Will not Result in a Crypto ban

TheMerkle Bitcoin Regulation Trading ImpactThe cryptocurrency world has seen its fair share of controversy, fake news, and rumors. It now seems another rumor is spreading, although it seems unlikely to have any major impact. A new set of cryptocurrency-oriented guidelines has been announced in Mexico, which leads many people to believe crypto will be banned. That is far from the case, as the guidelines are not even official yet, nor do they mention any “ban” either. Mexico’s new Crypto Guidelines As is always the case when a proposal regarding cryptocurrencies are other forms of virtual money are concerned, there will be some misunderstandings. As

The post Central Bank of Mexico’s new Guidelines Will not Result in a Crypto ban appeared first on The Merkle Hash.

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