Following in the footsteps of El Salvador, Japan, and Venezuela; Mexico has been considering making the globally valuable cryptocurrency, Bitcoin its legal tender. LIVE: Mexican Senator @IndiraKempis sends a message to her president: “We are looking forward to sitting down with you over a cup of coffee to talk about this plan; #Bitcoin as legal tender in Mexico.” — BTC Times (@btc) April 7, 2022 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 loo...
