Mexico is preparing to become the second country to accept Bitcoin as legal tender. Senator Indira Kempis of Mexico has announced that a law to make Bitcoin legal tender in her nation would be introduced in the next two months.
Kempis made a comment while speaking at the Bitcoin 2022 Conference in Miami.
Kempis, who was introduced by Samson Mow, former chief strategy officer of Blockstream, argued that if Bitcoin were to become legal tender, it would give financial inclusion and financial education to the more than 67 million Mexicans who are now excluded.
The senator also informed Mexico’s president, Andrés Manuel López Obrador, that senators supporting the bill wanted to meet with him to discuss the idea. She stated, “
“In two months, we will propose legislation to modify regulations in fintech and monetary law… We’re looking forward to sitting down with you [President Obrador] to talk about the plan. Bitcoin as legal tender in Mexico.”
Mexico to follow El Salvador’s league
Kempis, for example, initially unveiled plans in February to propose legislation to make Bitcoin legal money in Mexico.
Kempis said after a trip to El Salvador that a more robust financial instrument like Bitcoin might considerably enhance the Mexican people’s level of living.
Mow, who left Blockstream earlier this month to focus on advising nation-states, also presented other significant actors from nations interested in Bitcoin adoption.
President of Portugal’s Madeira area, Miguel Filipe Machado de Albuquerque, stated in his introduction that he believes Bitcoin is the future and that he is leading Madeira toward becoming more crypto-friendly.
Similarly, Joel Bomgar, the head of Próspera, a Honduran think tank for economic growth, stated that the country was developing crypto-friendly tax legislation.
Nayib Bukele missed the conference
President Nayib Bukele of El Salvador, who made Bitcoin legal money last year, has canceled his trip to the Blockchain conference in Miami.
“I have just chosen to withdraw from the conference owing to unanticipated situations in my home nation that necessitate my complete focus as president,” Bukele explained.
At the Bitcoin 2022 conference, Bukele was scheduled to speak. On March 27, however, his government declared a state of emergency in response to a spike in gang-related killings.