Mexico has announced that it would introduce a new national central bank digital currency (CBDC) in 2024, according to a tweet posted on Thursday. The tweet by an account representing the Mexican presidency highlighted that “new technologies and next-generation payment infrastructure” will help Mexico become more financially inclusive.El @Banxico informa que hacia 2024 tendrá una moneda digital propia en circulación, por considerar de suma importancia estas nuevas tecnologías y la infraestructura de pagos de última generación como opciones de gran valor para avanzar en la inclusión financiera en el país.— Gobierno de México (@GobiernoMX) December 30, 2021The plans for a CBDC follow the recent statement by Mexico’s President Andrés Manuel López Obrador that Mexico is unlikely to follow El Salvador’s footsteps and use cryptocurrencies like Bitcoin (BTC) as legal currency.Related: Bitcoin transactions ‘akin to bartering,’ Bank of Mexico governor saysAt least two lawmakers in Mexico have suggested that the country embrace digital assets to spearhead the “shift to crypto and fintech.” Ricardo Salinas Pliego, a billionaire and one of Mexico’s wealthiest men, has also stated that Banco Azteca would consider accepting cryptocurrencies. In a two-minute festive video, the billionaire recently called on his 957,200 Twitter followers to leave fiat money behind and invest in BTC, asking them to retweet and share the message.Although numerous people in the public and business sectors advocate the use of crypto, authorities in the nation stated in 2020 that cartels were using digital currencies to launder money.With the growing popularity of cryptocurrencies throughout the world, it should come as no surprise that governments worldwide, including Mexico, are considering establishing a CBDC. As reported by Cointelegraph, the Central Bank of Indonesia thinks that digital versions of national currencies could be a valuable weapon to combat the growing adoption of cryptocurrencies.Čítaj viac
Mexico’s third-richest person sent out a heart-warming new year message to Bitcoin (BTC) enthusiasts on Christmas eve. Ricardo Salinas Pliego recommended moving away from fiat money and buying bitcoin in a two-minute festive video. He gives three pieces of advice to his 957,200 followers on Twitter as part of his Christmas and New Year message before asking his followers to retweet and share:“Steer clear of fiat money. Whether it’s the Dollar, the Euro, or the Yen –it’s all the same. It’s fake money made of paper lies. Central banks are producing more than ever.”He pauses before pointing to the camera to say, “Invest in Bitcoin!”Stood in front of a golden Christmas tree, the other two “presents” of advice Salinas left his followers were to let go of jealousy and to believe in oneself, particularly when pursuing freedom and innovation. It’s no surprise that Salinas admonishes investing in BTC. As a prominent Bitcoin evangelist since 2013, his Twitter bio describes himself simply as a “Mexican businessman and Bitcoin holder.”Salinas aims to make Mexico’s second-largest retail bank Banco Azteca the first lender in the country to do business in BTC. However, Salinas, chairman of the bank’s parent company, Grupo Salinas, was left disappointed in June this year. [embedded content]In response to his ambitious plans, Mexico’s central bank stated that cryptocurrencies like bitcoin are not legal tender and are prohibited from use in the country’s financial system. In September this year, the governor of the Bank of Mexico, Alejandro Díaz de León, dismissed BTC as a reliable legal tender, citing price volatility as a major roadblock toward full-fledged adoption.Related: ‘Absolutely right’ to think of Bitcoin as the new gold — Mexico’s 3rd richest manIt’s unlikely to deter Salinas. He has been orange-pilling Mexico’s 128 million people since the summer and in an interview with Cointelegraph in January this year, he shared his conviction for BTC as a non-confiscatable asset. In the interview, he also declared that he first bought BTC at $500 in 2013 through Grayscale, saying that by 2018 it was one of his “best investments ever.” He has also tweeted in favor of Bitcoin remittances, tapping into a potential $40 billion market for Mexicans sending cross-border payments to the United States.Čítaj viac
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