Mexico CBDC initial phase paused, full-scale launch remains unclear
Bank of Mexico's Deputy Governor Jonathan Heath confirmed that the CBDC will be operational in early 2024, giving the central bank around 12 months to work with.
Latest Mexico News
The economic gamble of digital dollarization
So-called stablecoin Tether continues to spread its pervasive influence over a digital asset industry that is being increasingly embraced with wide arms and closed eyes across large parts of Latin America.
Mexico to launch gov’t-backed digital currency by 2024
The Mexican government tweeted that the Bank of Mexico intends to have a digital peso in circulation by 2024 as the country targets financial inclusivity.
Mexico won’t legalize digital currency payments, president says
President Andres Manuel Obrador has made it clear that the country doesn’t intend on accepting digital currencies as payments any time soon.
Bitcoin is for barter, not currency: Mexico central bank chief
The head of the Bank of Mexico compared digital currencies to barter trade as opposed to being a currency, claiming they are similar to precious metals.
Mexico reiterates reporting requirements for digital asset firms
Digital currency firms must report any transaction that exceeds $87,000 to regulators, whether the firm is registered locally or under another jurisdiction.
Mexican regulator claims 12 digital currency exchanges operating illegally
The head of the Mexican Financial Intelligence Unit, Santiago Nieto Castillo, stated that the 12 exchanges were operating illegally during a recent event focused on financial intelligence and risk management.
Mexico says no to BTC
The Bank of Mexico and the Ministry of Finance have both issued statements warning that digital currencies, including BTC, aren’t legal tender.
Bitso secures DLT license from Gibraltar regulator
Bitso is set to offer their exchange services in Mexico now that they have a license from the GFSC.
Amero-Isatek to open eight physical cryptocurrency exchanges in Mexico
Amero-Isatek is opening up physical exchanges in underserved Mexican communities.
Mexican central bank requires permits for crypto exchanges
Mexican businesses that want to offer the trading of cryptocurrencies must be registered with The Bank of Mexico, the country’s central bank.
Bitcoin Cash ranks second most popular crypto in Mexico
The results of the first-ever study on cryptocurrencies in Mexico, the third largest country in Latin America, revealed that Bitcoin Cash (BCH) is the second most popular cryptocurrency in the country.