{"id":181389,"date":"2023-10-26T13:35:57","date_gmt":"2023-10-26T08:05:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=181389"},"modified":"2023-10-26T13:35:57","modified_gmt":"2023-10-26T08:05:57","slug":"im-finally-getting-some-opposition-on-my-bitcoin-bill-says-mexican-senator-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/im-finally-getting-some-opposition-on-my-bitcoin-bill-says-mexican-senator-crypto-news\/","title":{"rendered":"\u2018I\u2019m Finally Getting Some Opposition On My Bitcoin Bill’, Says Mexican Senator – Crypto News"},"content":{"rendered":"
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Freshman Mexican Senator Indira Kempis made headlines last year when she introduced a bill that would create of a central bank digital currency (CBDC<\/a>). Now, she has her eyes set on making Bitcoin an integral part of her political agenda.<\/p>\n

Kempis is a congresswoman from the state of Nuevo Le\u00f3n, which is situated north of Mexico City and shares a small border with Texas. After coming across Bitcoin several times \u201cand not really understanding it,\u201d she told Decrypt <\/i>that she knew she had to take a closer look after learning of obstacles that entrepreneurs were facing.<\/p>\n

Having helped the group that later became Bitso<\/a>, the largest exchange in the country, Kempis began to open the conversation in the legislative branch and push forward what she considers \u201cthe road to creative alternatives.\u201d<\/p>\n

She set forth the aforementioned bill, which had no mention of <\/span>Bitcoin<\/span><\/a> or decentralized assets in its original form. It was a pragmatic approach, she said, and a first step towards establishing the necessary legal framework for the country to acknowledge\u2014and ultimately accept\u2014Bitcoin as legal tender.\u00a0<\/span><\/p>\n

In her initial bill, the country\u2019s central bank, the <\/span>Banco de M\u00e9xico, <\/span><\/i>would be the sole issuer of digital currency. Having felt the backlash for introducing a CBDC by the crypto community\u2013although she claims \u201cit was a necessary step to open the discussion\u201d\u2013Kempis modified the proposal to include Bitcoin.\u00a0<\/span><\/p>\n

It\u2019s been an arduous journey, she told <\/span>Decrypt<\/span><\/i>, pointing out that after a Bitcoin ATM was installed inside the Mexican Senate, members of the Mexican congress and their teams are beginning to ask more questions.\u00a0<\/span><\/p>\n

There wasn\u2019t much opposition to her bill initially, \u201cbecause nobody really understood Bitcoin,\u201d Kempis recalled. Now, it\u2019s getting attention, both positive and negative. But she says she doesn\u2019t get upset when she runs across detractors, because their rejection still means \u201cwe are moving the system.\u201d<\/span><\/p>\n

Kempis said she would like to see a heat map of Mexico showing where legislators stand regarding the bill. \u201cI\u2019m looking for clear positions,\u201d she explained, hoping to communicate to the Mexican public whether their representatives are interested or not in this type of innovation.\u00a0<\/span><\/p>\n

Mexico is known for its blossoming tech scene, a pioneering fintech law industry, and a tech-savvy population. In a recent <\/span>Chainalysis report<\/span><\/a>, it landed below the regional average for centralized exchange use (which is more common in <\/span>Latin America<\/span><\/a>), suggesting that Mexicans have a wider set of crypto products available to them.\u00a0<\/span><\/p>\n

The senator also pointed out that digital wallets are now available in indigenous languages, which are spoken by 6% of the population, and that remittances have been growing of late, <\/span>registering<\/span><\/a> a nearly 10% jump year-on-year.\u00a0<\/span><\/p>\n

The bill is being discussed, but has a long way to go. The country\u2019s Central Bank is an integral part of the legislative process, although it claims autonomy, and the Mexican senate has requested a formal analysis and stance from the institution. It hasn\u2019t arrived yet.\u00a0<\/span><\/p>\n

The former head of the central bank was a <\/span>staunch critic<\/span><\/a> of Bitcoin, said Kempis, whereas his successor, the current governor Victoria Rodr\u00edguez, has remained silent in most of the discussions surrounding Bitcoin.\u00a0<\/span><\/p>\n

Other politicians are not sold. Andr\u00e9s Manuel L\u00f3pez Obrador, also known as AMLO, came out to assure that Mexico \u201c<\/span>would not<\/span><\/a>\u201d adopt Bitcoin as legal tender after Nayib Bukele\u2019s El Salvador approved its pioneering Bitcoin law.\u00a0<\/span><\/p>\n

That said, the digital peso, which the financial institution is aiming for, should arrive sometime in 2024, the senator said.\u00a0<\/span><\/p>\n

Announcing a run for the Presidency in the upcoming 2024 elections, Kempis said she plans to continue on her Bitcoin crusade.<\/span><\/p>\n

Beyond the possibility of being president, the role of the legislative branch, for Senator Kempis, is to offer \u201ca dose\u201d of education and help push the discussion along the way through well-thought-out laws and regulations. \u201cIf <\/span>El Salvador<\/span><\/a> could do it, surely we can as well,\u201d she said.\u00a0<\/span><\/p>\n

At the end of the day, however, Kempis does take a practical approach to the technology, telling <\/span>Decrypt <\/span><\/i>that it won\u2019t solve all of Mexico\u2019s problems. Despite her bullishness, she concluded, \u201cIt\u2019s not a panacea.\u201d<\/span><\/p>\n

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<\/p>\n

Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Freshman Mexican Senator Indira Kempis made headlines last year when she introduced a bill that would create of a central bank digital currency (CBDC). Now, she has her eyes set on making Bitcoin an integral part of her political agenda. Kempis is a congresswoman from the state of Nuevo Le\u00f3n, which is situated north of […]<\/p>\n","protected":false},"author":2,"featured_media":181390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-181389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=181389"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181389\/revisions"}],"predecessor-version":[{"id":181392,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181389\/revisions\/181392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/181390"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=181389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=181389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=181389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}