Mexico's upper house of the national legislature has approved a financial technology bill that would bring local Bitcoin exchanges under the control of the central bank.
This was reported by Reuters. The Mexican Parliament has already approved this bill on December 5th and now the floor is up to the Lower House of the Mexican Congress.
Most likely, this bill will be passed by the Chamber of Deputies on December 15th of this year.
Such an initiative should make it clear that neither Bitcoin nor any other cryptocurrency is legal tender in Mexico. And all exchanges and organizations dealing with cryptocurrencies will be controlled by Banco de Mexico, the central bank of Mexico.
The details of the bill are still being finalized, but it is possible that other related laws and decisions will follow.
How Banco de Mexico will perceive cryptocurrency can only be guessed at. Thus, bank representative Augustin Carstens previously said that Bitcoin is more of a commodity than a currency.
According to https://www.reuters.com
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