A Bitcoin ATM Was Installed In Mexico Senate Building, Opening A Door For National Crypto Regulation

A Bitcoin ATM Was Installed In the Mexico Senate Building

A Bitcoin ATM was installed in the Senate building in Mexico City on April 26, with the support of many politicians, notably Miguel ngel Manseira, coordinator of the Party of Democratic Revolution (PRD) parliamentary party.

Mexico already has 13 cryptocurrency ATMs in Mexico City, Tijuana, Cancun, Guadalajara, Culiacán, San Miguel de Cozumel, and Aguascalientes, making this the 14th in the country.

Senator and prominent crypto enthusiast Indra Kempis of Mexico posted a photo of the new ATM on Twitter, hailing it as a sign of “financial freedom, inclusion, and education in Mexico.”

“We put the first Bitcoin ATM in the Mexican Senate. It is for educational purposes towards inclusion and financial education of the future,” the senator tweeted.

Senator Miguel ngel Mancera, who also announced the installation of the bitcoin ATM, stated that the volume of bitcoin transactions has already surpassed that of “conventional” payment systems such as PayPal, Visa and MasterCard, “which has had an unprecedented market capitalization,” according to the PRD legislator.

Mancera and Juan Manuel Fócil Pérez also hosted the forum “Bitcoin: Mexico facing the future”, where participants discussed the analysis of a proposal to regulate cryptocurrencies in Mexico prior to the installation of a bitcoin ATM on Senate premises.

Monreal stressed that, although there is no regulation as such for cryptocurrencies, Mexico already has the Fintech law: “This is why we are going to work for adapt it to this growing market that is already a reality with or without regulation, among young people in many countries and what is convenient for Mexico is to capture the benefits of this new digital financial structure.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News