Mexican Lawmakers Advance Bill to Regulate Bitcoin, Fintech Firms

Mexican Lawmakers Advance Bill to Regulate Bitcoin, Fintech Firms

The upper chamber of Mexico’s national legislature has approved a financial technology bill that would bring local bitcoin exchanges under the oversight of the central bank. According to Reuters , the bill cleared the Mexican Senate on Dec. 5, setting the stage for its consideration and potential passage in the Chamber of Deputies, the lower house of the legislature. Citing sources familiar with the process, Reuters reported that the bill is expected to clear the Chamber of Deputies on Dec. 15. As previously reported , the measure, as currently written, would clarify that bitcoin and other cryptocurrencies are not […]

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