López Obrador said they need to avoid tax evasion and maintain a healthy income.
Mexico won’t apply the same strategies that countries like El Salvador did regarding the adoption of bitcoin or other cryptocurrencies. President Andrés Manuel López Obrador pointed out the situation during an address this Thursday, October 14.
According to López Obrador, his government should only ensure that the country’s income keeps healthy and ensure proper tax collection, avoiding evasion. He also assured in his statement that there is no need to be looking for improvements when asked about the use of bitcoin, according to various local media.
Regarding the collection, the president highlighted that this collection is enough to keep the Mexican economy afloat. He clarified that there are no problems regarding the collection or the country closing the year positively.
Mexican Banks Cannot Trade Bitcoin
López Obrador’s position is the same as that of the Mexican government and institutions in the past. A few weeks ago, a report appeared highlighting the reminder managed by the National Banking and Securities Commission (CNBV) of Mexico to the country’s banks: they cannot work with bitcoin.
On the other hand, strict monitoring of the activities of Mexicans with cryptocurrencies remains active. Exchanges are a requirement to report bitcoin transactions from their clients. Specifically, if they exceed $ 87,000, as we have previously reviewed.
While the government still keeps a negative stance on bitcoin, some wait for a more open position to discuss. The case of Senator Indira Kempis, who has raised her voice in favor of digital currency is a very particular example.
The Mexican senator for Nuevo León state, Indira Kempis, questioned that her country is avoiding the financial improvements that Bitcoin (BTC) and cryptocurrencies have unleashed in recent years.
For the specialist in public administration, it is time for a proper debate regarding digital assets and blockchains to reach the legislative branch and even the national executive branch.
According to Kempis, discussions about the impact of crypto assets in Mexico should raise the stage for debate and include the president of Mexico, Andrés Manuel López Obrador, and the Congress of the Union.
According to the senator, in Mexico, there is no right to financial inclusion, and this lack of rights regarding financial inclusion is an aspect that would be influencing the inequality that exists in the nation.
The official is one of those who think that the State should take on new challenges with bitcoin, not as a controlling entity, but rather as a regulator of the activity that would proceed from the use of BTC.
A potential adoption in Mexico of bitcoin and the distributed ledger technology or blockchain would help counteract inequality and corruption, said Kempis, who considers these aspects two of the biggest problems in Mexico and Latin America.
By: Jenson Nuñez
