There Might be More Crypto Regulation on the Way in Mexico, It has been Suggested by The Chief of The Central Bank

The Governor of the Bank of Mexico (Banxico) has actually spelled out its position on crypto and has actually hinted that.
It might look to broaden the scope of its policy on the sector. In a report from Forbes Mexico, the Guv, Victoria Rodríguez Ceja.
He was priced quoted as informing the US Senate that she and her group were “assessing” the need to “control” the “use of cryptocurrencies.”
In order to “provide a defense to people who make use of digital assets.” She specified: “The demand to control crypto.
It has been raised by the authorities in developed markets. This group of reserve banks, of which Banxico is a member.
He is assessing this problem to continue shielding the participants in the financial system.” The Governor added that “using cryptocurrencies.”
It was “not supported by the Bank of Mexico,” however included that citizens had the “freedom to accomplish procedures with these digital possessions.”

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But, Rodríguez Ceja kept in mind, that firms in the industry must abide by “certain obligations to stop cash laundering.”
She worried in answer to an inquiry from a Senator that “cryptocurrencies are possessions that are not backed by Banxico.
They are illegal tender.” Legislator Noé Castañón, from the Movimiento Ciudadano Party, asked the financial institution principal.
To reinforce policy regulating making use of crypto assets, declaring that their adoption now could not “be quiet.”
Castañón included: “Crypto is a sensation. Yet I believe we can collaborate with the Congress of the Union the Mexican parliament.
Banxico, the National Banking as well as Stocks Commission the financial regulatory authority.
To ensure that we can set restrictions that offer security to the users of this money.”

Rodríguez Ceja has actually previously stated that the financial institution will certainly turn out digital money by no later than 2025.
On the other hand, last month, one more Legislators discussed the concept of granting bitcoin (BTC) legal tender conditions emulating El Salvador.
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