Mexican Senator Proposes Bill to Make Bitcoin Become Legal Tender in Her Country

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A Mexican senator has announced that he is working on a crypto bill to allow her country to accept Bitcoin as legal tender. 

According to a report by Cointelegraph, Indira Kempis, a senator representing the Neuvo León state in Mexico, is working on legislation — that will mirror El Salvador’s Bitcoin Law — to accept BTC as legal tender. The government official argues that the country adopting Bitcoin in this way will drive global financial inclusion.

Senator Kempis intends to introduce the bill to the Mexican Congress later this year. 

She said, 

It is clear to me that financial exclusion is one of the public problems that few of us have addressed with feasible alternatives, and that this type of technology is allowing us to generate an alternative so that millions of people can be included in the financial system. 

Kempis called the adoption of Bitcoin a “historic opportunity” for countries around the world to address financial inequality and to bring about more global inclusion. She claimed that ignoring Bitcoin would make it “very difficult for Mexico to take action on the global stage. 

Senator Kempis applauded efforts by Salvadoran President Nayib Bukele to start a potential Bitcoin revolution, which could see other countries adopting BTC as legal tender. She said Mexico making Bitcoin legal tender would be creating “a level playing field for people who are excluded in almost all countries.”

Kempis, who took office in 2018, has been an active supporter of crypto in recent years.

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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