Mexican Senator from the state of Nuevo León Indira Kempis said she intends to make Bitcoin an integral part of her political program as she runs for the presidency of the country. The report comes from Decrypt.
\n\n
Kempis rose to headlines in 2022 when she introduced a bill to create CBDC.
\n\n
In the initial response, the domain did not mention cryptocurrencies, and the Banco de México central bank was named the sole issuer of the digital peso. This, the senator says, was done in the interest of a pragmatic approach to quickly establish the necessary legal framework.
\n\n
However after criticism of CBDC from the crypto community Kempis added Bitcoin to the bill. She now leads talks on recognizing the first cryptocurrency as legal tender in Mexico.
\n\n
So far the central bank has not presented an analysis of the CBDC bill, and lawmakers’ reactions are mixed. For example, Senator Andrés Manuel López Obrador assured that Mexico will not accept Bitcoin as legal tender after the legalization of the coin in El Salvador.
\n\n
\n
\”I’ve finally received some opposition to my Bitcoin bill. [This does not upset me. In this way] we move the system,\” the Mexican senator says.
\n
\n\n
Kempis also intends to promote cryptocurrency-related educational programs and other sector-specific laws.
\n\n
\n
\”If El Salvador could, then of course we can too,\” she says.
\n
\n\n
However, the senator concedes that cryptocurrencies will not solve all of the country’s problems.
\n\n
According to the recent report by Chainalysis, Mexico is the second country in the world by cross-border crypto transaction volume. Assets totaling about $61 billion are sent there each year, mainly from the United States.
\n\n
The balance between use of centralized and decentralized exchanges in the country is roughly even, and the dominant form of cryptocurrency is stablecoins.
\n\n
Earlier, the Bank of Mexico pushed back the timelines for launching the digital peso from 2024 to 2025.
\n\n
With the asset, the regulator intends to implement features such as automation and programmability mechanisms.
\n\n
Earlier, one of Mexico’s wealthiest people and founder of the Grupo Salinas conglomerate, Ricardo Salinas Pliego, called Bitcoin a hedge against inflation, saying that the government cannot devalue it.