{"id":45150,"date":"2021-06-29T11:23:46","date_gmt":"2021-06-29T08:23:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45150"},"modified":"2025-08-31T20:23:12","modified_gmt":"2025-08-31T17:23:12","slug":"mexico-warns-banks-of-sanctions-for-using-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mexico-warns-banks-of-sanctions-for-using-bitcoin\/","title":{"rendered":"Mexico warns banks of sanctions for using Bitcoin"},"content":{"rendered":"<p>Cryptocurrencies are not legal tender in Mexico, and their use by financial institutions is subject to sanctions. This is stated in a joint statement by the local central bank, the Ministry of Finance and the National Banking and Securities Commission.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"es\" dir=\"ltr\">In recent days there has been much interest around <a href=\"https:\/\/twitter.com\/hashtag\/criptomonedas?src=hash&#038;ref_src=twsrc%5Etfw\">#criptomonedas<\/a>. <\/p>\n<p>In this statement <a href=\"https:\/\/twitter.com\/Hacienda_Mexico?ref_src=twsrc%5Etfw\">@Hacienda_Mexico<\/a>, <a href=\"https:\/\/twitter.com\/Banxico?ref_src=twsrc%5Etfw\">@Banxico<\/a> and <a href=\"https:\/\/twitter.com\/cnbvmx?ref_src=twsrc%5Etfw\">@cnbvmx<\/a> reaffirm our institutional position on this. <a href=\"https:\/\/t.co\/Zasd01lIxS\">pic.twitter.com\/Zasd01lIxS<\/a><\/p>\n<p>\u2014 Arturo Herrera Guti\u00e9rrez (@ArturoHerrera_G) <a href=\"https:\/\/twitter.com\/ArturoHerrera_G\/status\/1409589695340630023?ref_src=twsrc%5Etfw\">June 28, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abFinancial authorities reiterate their warnings about the risks associated with using so-called \u201cvirtual assets\u201d as a medium of exchange, store of value, or other form of investment\u00bb, the statement said.<\/em><\/p>\n<\/blockquote>\n<p>Regulators stressed that financial institutions operating in the country &#8220;are not authorised to carry out and offer operations with virtual assets&#8221;, including Bitcoin, Ethereum and XRP. Finance Minister Arturo Herrera questioned whether the authorities&#8217; stance would change in the near future.<\/p>\n<p>In 2018 the local central bank required crypto platforms to obtain licenses to operate.<\/p>\n<p>In 2020, Jump Capital<a href=\"https:\/\/forklog.com\/en\/news\/study-finds-india-indonesia-and-mexico-the-most-promising-countries-for-cryptocurrencies\"> analysts included Mexico in the top three<\/a> of the most promising jurisdictions for Bitcoin and other digital assets. By the same year, the country<a href=\"https:\/\/forklog.com\/en\/news\/mexico-leads-latin-america-in-retail-crypto-payments-volume\"> accounted for nearly 11%<\/a> of all retail crypto payments in Latin America.<\/p>\n<p>Earlier, Ricardo Salinas Pliego, one of Mexico&#8217;s wealthiest individuals, spoke in support of digital gold and<a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-should-feature-in-every-investors-portfolio-says-mexican-billionaire\"> called fiat money fraudulent<\/a>. According to the billionaire, his Banco Azteca could begin accepting Bitcoin. <\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrencies are not legal tender in Mexico, and their use by financial institutions is subject to sanctions. This is stated in a joint statement by the local central bank, the Ministry of Finance, and the National Banking and Securities Commission.<\/p>\n","protected":false},"author":1,"featured_media":45151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1819,36],"class_list":["post-45150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-mexico","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=45150"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45150\/revisions"}],"predecessor-version":[{"id":45152,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45150\/revisions\/45152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/45151"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=45150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=45150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=45150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}