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Mexico’s president rules out accepting crypto as legal tender

Mexico’s president rules out accepting crypto as legal tender



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  1. tldr; Mexico’s President Andrés Manuel López Obrador said the country is unlikely to follow in El Salvador’s footsteps by adopting cryptocurrencies like Bitcoin as legal tender alongside fiat. The Bank of Mexico and the National Banking and Securities Commission issued a statement earlier this year warning financial institutions not to deal with digital assets. Mexico should also be mindful of issues surrounding tax evasion, he added.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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