Recently I traveled to Mexico City. I know less Spanish than the average toddler. On my very first day in Mexico, at the ATM, I inserted my card … and the machine swallowed it. I pressed the red cancel button. Nothing. I pressed more buttons at random. Nothing. I spoke to a lady inside the bank, who couldn’t understand a word I was saying (not her fault), and after we found a … [Read more...] about A Banking Breakdown in Mexico
Mexico
Mexico Plans to Issue a CBDC by 2024, Government Confirms
The Central Bank of Mexico (Banxico) plans to launch a central bank digital currency (CBDC) by 2024, the Mexican government confirmed in a tweet on Wednesday evening.According to the tweet, which was written in Spanish, Banxico “will have a digital currency of its own in circulation” by 2024 as it considers of “utmost importance these new technologies and state-of-the-art … [Read more...] about Mexico Plans to Issue a CBDC by 2024, Government Confirms
Mexico, too, wants to jump on the crypto train as El Salvador legalizes Bitcoin
Federal government of Mexico representative, Eduardo Murat Hinojosa announced on Twitter he is taking action to push forward Bitcoin and crypto adoption in the country.“I will be promoting and proposing a legal framework for crypto coins in Mexico’s lower house,” said Hinojosa, explicitly mentioning Bitcoin in a tweet. Voy a promover y proponer ante la Cámara de Diputados un … [Read more...] about Mexico, too, wants to jump on the crypto train as El Salvador legalizes Bitcoin