Mexican MPs Aim to Follow the Example of Neighboring Countries with Proposed Bitcoin Legislation

Eduardo Murat Hinojosa, senator of the federal government of Mexico, has said that will present a proposal to lawmakers apparently aimed at the adoption of cryptocurrencies in the country.

In a tweet today, Hinojosa change his profile picture to show the senator speaking into a microphone with the iconic “laser eyes”, indicating support for cryptocurrencies. The legislator said he would be “promoting and proposing a legal framework for cryptocurrencies in Mexico’s lower house,” specifically mentioning Bitcoin (BTC).

Hinojosa was not the only legislator in Mexico who indicated his support for cryptocurrencies. Indira Kempis Martínez, senator representing the state of Nuevo León, also change her profile to show laser eyes, and Hinojosa has referred to her as a friend of the cause.

“We are going to lead the change towards cryptocurrencies and fintech in Mexico”, He said Hinojosa.

Activity on social media comes as Latin American countries appear to be taking steps toward greater adoption of cryptocurrencies. In a video announcement to attendees at the Bitcoin 2021 conference last week, El Salvador’s President Nayib Bukele said he would send a bill to the country’s legislature demanding that Bitcoin be legal tender.

On Sunday, the Paraguayan deputy, Carlitos Rejala, hinted that the cryptocurrency would be related to “an important project to innovate in Paraguay in front of the world” this week. Yesterday added who was working with local figures from the crypto space “for Paraguay to become a hub for the world’s crypto investors.”

Although in Mexico there are many individual investors who bet on bitcoin, the country’s authorities they reported last year that cartels had increased the use of cryptocurrencies to launder funds. At that time, the head of the Cyber ​​Investigations Unit of the Attorney General’s Office said that the country’s security forces lacked the necessary resources to face money laundering. when there were cryptocurrencies involved.

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