Senator Indira Kempis explained the legal steps to follow for adopting Bitcoin in Mexico. She stressed that the new value of money implies inclusion, justice, and financial freedom, which would close inequality gaps.
Mexican senator Indira Kempis recently spoke about the adoption of Bitcoin (BTC) in Mexico. She announced that she would propose reforming some laws passed years ago to allow using the pioneering cryptocurrency more freely.
She said that she would work on updating their FinTech Law and their Monetary Law to open the discussion in Mexico. They seek to make Bitcoin the door to a new future and new possibilities for the Spanish American country.
According to the senator, money is for people, not governments or corporations. She stressed that the new value of money must be for the people, which implies inclusion, justice, and financial freedom. Furthermore, she believes that Bitcoin would open up the possibility of closing inequality gaps in society.
The government official calls for creating special economic zones or a pilot on a Bitcoin city like El Salvador.
She pointed out that legal initiatives to approve Bitcoin in Mexico are already underway but indicated that changing the laws will take time. Likewise, she summoned President Andrés Manuel López Obrador to discuss the possibility of adopting Bitcoin in Mexico.
The senator said that she would like Bitcoin to be legal tender since it would help reduce pressure from the state. She acknowledges that Mexico is different from El Salvador due to its financial circumstances, but Bitcoin emerged as a solution.
The Adoption of Bitcoin in Mexico Would End Inequality
Kempis considers El Salvador an example and an inspiration due to what she could verify during her recent visit to that country. She noted that citizens use Bitcoin to transact daily and are in charge of driving its adoption nationwide.
Her trip allowed her to see the adoption of Bitcoin as legal tender closely and to ratify her support for the cryptocurrency. She said that it is one of the most significant inventions since it supports financial inclusion.
The senator met with several Salvadoran businesspeople to learn how they adopted Bitcoin. Rafael Barraza, the president of Banco Agrícolas, and Carlos Calleja, the vice president of Grupo Calleja, were among them.
She also talked to government agents, like the Nuevas Ideas parliamentary group, the party of President Nayib Bukele. The senator publicly thanked him for hosting her and sharing his vision with her.
In El Salvador, they are gestating a dose of the future that already exists, so she believes it is necessary to anticipate it. She also reiterated that the future lies in decentralized digital finance, which can make Spanish America more prosperous and inclusive.
In that way, Indira Kempis showed her interest in adopting Bitcoin to help people access virtual transactions without discrimination. She had previously questioned that Mexico was not engaging much with the financial innovation unleashed by the pioneering cryptocurrency.
Bitcoin is trading at around USD 40,745 and has accumulated a 4.8% loss over the last 24 hours. Its daily trading volume is above USD 26.29 billion, and its market capitalization is about USD 773.49 billion, according to CoinGecko.
By Alexander Salazar
