MEXICO CITY—Mexico might soon become the next country to follow El Salvador’s footsteps and grant Bitcoin legal tender status in its jurisdiction.
A Mexican senator plans to propose a crypto law to the Mexican Congress this year, one that is based on El Salvador’s Bitcoin Law, according to TokenPost.
Indira Kempis, a senator representing Nuevo León state, is convinced that Mexico should grant Bitcoin legal tender status as adopting the crypto could potentially drive global financial inclusion, TokenPost 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, a path, a solution so that millions of people can be included in the financial system,” the senator was quoted as saying.
Bitcoin adoption has changed the perception of the global community towards El Salvador as they are now focused on the newly opened opportunities brought by the move, TokenPost noted.
“It is a historic opportunity that this type of project is being carried out in a Central American country,” the senator added.