Mexico will not accept Bitcoin as a legal offer, says President

Mexico will not accept Bitcoin as legal tender, as current President Andres Manuel Lopez Obrador said, so let’s read more about it in our latest Bitcoin news today.

The president said that the Mexican government doesn’t really care about BTC and that it is more concerned about tax evasion. El Salvador’s decision to introduce BTC as legal tender has sparked a huge wave of political excitement across Latin America, but there are countries that are not really keen on the idea. During a press conference, the president said Mexico will not accept Bitcoin as legal tender:

“We won’t change anything about that. We think we need to maintain orthodoxy in financial management [and] Don’t try to innovate a lot in financial management ”.

Lopez Obrador stated that instead of transforming the country’s entire financial system into a Bitcoin-friendly government, he will focus on mechanisms to prevent tax evasion:

“[We want to make sure] that there are no privileges, that everyone makes their contribution [with their taxes] and that is enough. “

Unlike countries like Venezuela and El Salvador, where the adoption of crypto is a big deal, the Mexico president sees no need to change things, as he said:

“The fact that we can collect taxes without any problems gives us great security.”

While President Lopez may not see the need for the government to meddle with BTC or other cryptocurrencies, other politicians disagree. Nuevo State Senator Leon Indira Kempis welcomed El Salvador’s decision to adopt BTC as legal tender and called for a similar approach in her country:

“When will Mexico stop these digital delays so that we can solve our problems, why does El Salvador have its conditions and why not Mexico, the country also has the same conditions?”

Ricardo Salinas Pliego is the third richest person in the country and he also announced that BTC accounts for 10% of his liquidity portfolio and said that the Banco Azteca he owns plans to introduce BTC at the time. While Mexico may not be on the list of countries seeking a bigger role for BTC in the economy, other countries are pushing ahead, with Paraguayan Congressman Carlos Rejala already working on a bill and Venezuela having passed its CryptoAssets systems law.

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