Bitcoin transactions ‘akin to bartering,’ Bank of Mexico governor says
Governor Díaz de León said Bitcoin resembles “a dimension of precious metals” when compared to the central bank’s fiat money. Go to Source Powered by WPeMatico
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Elektra Group President Ricardo Salinas Hints at Inclusion of Lightning Network Payments in Mexico
Ricardo Salinas, president of Elektra Group, one of the biggest retail franchises in Mexico, hinted at the possibility of integrating payments using Bitcoin’s second layer solution, the Lightning Network. Salinas made the announcement yesterday via Twitter. This would allow residents of the country to pay for appliances in-store, directly with cryptocurrency. Elektra Group Might Accept … Read more
Bitso to assist the launch of El Salvador’s official Bitcoin wallet Chivo
Mexican crypto exchange Bitso is announced as a core partner for El Salvador’s state-issued BTC wallet. Go to Source Powered by WPeMatico
Mexican Regulator: 12 Cryptocurrency Exchanges Are Operating Illegally
Santiago Nieto Castillo, leader of the UIF, the Mexican financial regulator, has issued an alert that 12 cryptocurrency exchanges are operating illegally in the country. The regulator is now producing the necessary data for Mexican authorities to act against these exchanges. The institution receives information from 23 registered cryptocurrency exchanges reporting users’ transactions. Mexican Regulator … Read more
Bitcoin is a miracle and better than gold, says Apple co-founder Wozniak
Apple co-founder Steve Wozniak declared “Bitcoin is the only digital gold” years ago, but he claims that he still hasn’t invested in BTC. Go to Source Powered by WPeMatico
Latin America’s Mercado Bitcoin exchange raises $200M from SoftBank
2TM GRoup, the company behind Mercado Bitcoin, is now valued at $2.1 billion. It’s the second crypto exchange in Latin America to eclipse the $1 billion valuation mark. Go to Source Powered by WPeMatico
Mexico’s Finance Minister: Cryptocurrencies Are Prohibited From Being Used in Financial System
Mexico’s central bank, finance ministry, and banking regulator have jointly issued a warning about cryptocurrency. Finance Minister Arturo Herrera emphasized that cryptocurrencies are prohibited from being used in Mexico’s financial system. The central bank of Mexico, the finance secretary, and the National Banking and Securities Commission (CNBV) said in a joint statement Monday that crypto … Read more
Mexico may not be following El Salvador’s example on Bitcoin… yet
A warning from the country’s financial regulators seemed to be specifically targeting Ricardo Salinas Pliego, who on Sunday said he would explore his bank accepting Bitcoin. Go to Source Powered by WPeMatico
Billionaire vows to spearhead Mexico’s first Bitcoin-friendly bank
Ricardo Salinas Pliego wants his bank to be the first in Mexico to accept BTC. Go to Source Powered by WPeMatico
Latin American Countries Eye Bitcoin Adoption After El Salvador Passed Bitcoin Law
A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest in bitcoin. More Countries Eye Bitcoin Adoption After El Salvador passed the bill … Read more