Mexican congresswoman proposed legalizing Bitcoin in the country – Bits Media

Senator of the Mexican state of Nuevo Leon Indira Kempis suggested that Mexico follow the example of El Salvador and accept Bitcoin as a means of payment..

Member of the opposition party Movimiento Ciudadano ("Civic Movement") Indira Kempis (Indira Kempis) considers, that bitcoin has many benefits and can benefit people, who don't have bank accounts. She reported, that I have already consulted with people, knowledgeable about this crypto asset, and now intends to use her political influence to promote Bitcoin throughout Mexico and develop relevant laws.

"We need, for Bitcoin to become legal tender in Mexico. If we put this question aside “in the back box”, in the future it will be even more difficult for us to take any steps to legalize Bitcoin.”, - said Kempis.

Even during the statements of the President of El Salvador, Nayib Bukele (Here's to watching) about plans to legalize Bitcoin, Kempis began to actively express her views in support of this cryptocurrency, by posting an image with “laser eyes” on social networks, which is often used by Bitcoin supporters. Kempis then began working on the formation of a regulatory framework, which will help create conditions for the development of cryptocurrencies.

However, in the fall, Mexican President Andres Manuel Lopez Obrador (Andrés Manuel López Obrador) stated, that the government is not interested in legalizing Bitcoin and introducing innovations. It would be more appropriate to focus on strengthening the country's financial system and combating tax evasion.

Obrador's term expires in 2024 year, therefore, the implementation of the Kempis initiative may take at least two years. The chances of it happening are still slim, since Kempis will need strong support from other parties to pass a bill to legalize Bitcoin in Mexico.

At the same time, the Central Bank of Mexico is ready to experiment with its own digital currency. The regulator reported, that he plans to launch it by 2024 year.