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Priyanka Jadhav
Apr 8, 2022
by Priyanka Jadhav

Mexican Officials Discuss Plans of Considering Bitcoin as a Legal Tender

Bitcoin Mexico
Following in the footsteps of El Salvador, Japan, and Venezuela; Mexico has been considering making the globally valuable cryptocurrency, Bitcoin its legal tender. 

Encourage Bitcoin Adoption Worldwide

The move considered by Mexican officials is a huge step toward the acceptance of the digital currency. A senator from Nuevo Leon State and an advocate for Bitcoin, Indira Kempis has encouraged BTC adoption. 

Explaining her aim, Kempis stated that the adoption of Bitcoin will help in assisting with the country's "global financial inclusion." Impressed by El Salvador's economic accomplishments due to Bitcoin, Senator Kempis has prepared a crypto bill based on El Salvador's BTC law. 

Mexico Has Always Been Pro-Crypto

The Bitcoin community of Mexico has observed the country showing strong interest in cryptocurrency and other digital assets. Government officials of the country have been finding ways to adopt cryptocurrency in the financial system. 

If the bill for Bitcoin to become legal tender is accepted, then Mexico would become the first Latin American country to do so. This could inspire other countries to adopt cryptocurrencies. 

There are many crypto exchanges and startups in Mexico that have been looking forward to this move.

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Mexican Officials Discuss Plans of Considering Bitcoin as a Legal Tender
Priyanka Jadhav
Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

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