{"id":221362,"date":"2022-02-24T18:30:07","date_gmt":"2022-02-24T18:30:07","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=221362"},"modified":"2022-02-24T16:47:27","modified_gmt":"2022-02-24T16:47:27","slug":"a-mexican-lawmaker-wants-the-country-to-adopt-bitcoin-as-a-legal-tender","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/a-mexican-lawmaker-wants-the-country-to-adopt-bitcoin-as-a-legal-tender\/","title":{"rendered":"A Mexican lawmaker wants the country to adopt Bitcoin as a legal tender"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Bitcoin adoption as a legal tender could spiral to a new high as several governments around the world are already looking at the <\/span><span style=\"font-weight: 400;\">practicality of adopting the <a href=\"https:\/\/cryptoslate.com\/the-dominoes-are-falling-california-to-considering-bitcoin-as-legal-tender\/\">flagship<\/a> digital asset<\/span><span style=\"font-weight: 400;\"> within their jurisdiction.<\/span><\/p>\n<h2><b>Mexican Senator is preparing Bitcoin bill<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to available information, a Mexican Senator, Indira Kempis, is working on a bill that will see Mexico accept Bitcoin as a legal tender. The bill will be fashioned after El Salvador\u2019s Bitcoin law and is expected to be submitted to the Mexican Congress later this year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Senator Kempis <\/span><a href=\"https:\/\/elsalvadorinenglish.com\/2022\/02\/21\/we-need-bitcoin-to-be-legal-tender-in-mexico-because-if-it-is-not-so-if-we-do-not-make-that-decision-as-el-salvador-did-it-is-very-difficult-to-take-action-indira-kempis-mexican\/\"><span style=\"font-weight: 400;\">believes<\/span><\/a><span style=\"font-weight: 400;\"> that the adoption of the asset would be a potential driver of global financial inclusion for the country.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Senator <a href=\"https:\/\/twitter.com\/IndiraKempis?ref_src=twsrc%5Etfw\">@IndiraKempis<\/a> will introduce legislation to make Bitcoin legal tender in Mexico \ud83c\uddf2\ud83c\uddfd<\/p>\n<p>The congresswoman recently visited El Salvador \ud83c\uddf8\ud83c\uddfb,  where she was inspired by the social benefits of embracing <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&ref_src=twsrc%5Etfw\">#Bitcoin<\/a>: increased financial inclusion, economic opportunity & innovation\u26a1\ufe0f<\/p>\n<p>&mdash; Sophia Zaller \ud83c\udf0b (@sophiamzaller) <a href=\"https:\/\/twitter.com\/sophiamzaller\/status\/1496602532046594051?ref_src=twsrc%5Etfw\">February 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p>In her words, \u201cIt 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 so that millions of people can be included in the financial system.&#8221;<\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Kempis is not the first government official in the country to push for crypto adoption; others like Eduardo Murat Hinojosa <\/span><a href=\"https:\/\/cryptoslate.com\/mexico-bitcoin-el-salvador\"><span style=\"font-weight: 400;\">started<\/span><\/a><span style=\"font-weight: 400;\"> working on crypto-friendly legislation last year when El Salvador announced its adoption of BTC.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, it is unclear if this bill will see enough support when it reaches Congress. This is considering the declaration of the country's president in October last year that Mexico will not follow the footsteps of the Central American country.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">El Salvador became the first country to adopt Bitcoin as a legal tender last year, and its adoption has <\/span><a href=\"https:\/\/cryptoslate.com\/el-salvadors-tourism-sector-is-booming-after-bitcoin-adoption\/\"><span style=\"font-weight: 400;\">helped boost<\/span><\/a><span style=\"font-weight: 400;\"> the country's tourism sector by 30%.\u00a0<\/span><\/p>\n<h2><b>International community remains against Bitcoin adoption<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While pro-crypto lawmakers around the world are looking to make Bitcoin a legal tender within their jurisdiction; international financial organizations like the International Monetary Fund (IMF) have released <\/span><a href=\"https:\/\/blogs.imf.org\/2021\/07\/26\/cryptoassets-as-national-currency-a-step-too-far\/\"><span style=\"font-weight: 400;\">papers<\/span><\/a><span style=\"font-weight: 400;\"> and urged El Salvador to ditch the legal status of the flagship asset.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to its most recent warning, crypto-assets like Bitcoin carry a \u201clarge risk,\u201d and its usage could affect the \u201cfinancial stability, financial integrity, and consumer protection\u201d of citizens in the country.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lawmakers in the United States have also been forced to act as they recently set up an investigation to look at the effect of El Salvador\u2019s adoption on the economy of the US.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If several countries were to adopt Bitcoin as a legal tender, this could affect the US Dollar status as the reserve currency of the world later in the future.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin adoption as a legal tender could spiral to a new high as several governments around the world are already looking at the practicality of adopting the flagship digital asset within their jurisdiction. Mexican Senator is preparing Bitcoin bill According to available information, a Mexican Senator, Indira Kempis, is working on a bill that will [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":221443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Mexican lawmaker wants the country to adopt Bitcoin as a legal tender<\/title>\n<meta name=\"description\" content=\"A lawmaker from Mexico is working on a bill that will see Bitcoin adopted as a legal tender in the country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/a-mexican-lawmaker-wants-the-country-to-adopt-bitcoin-as-a-legal-tender\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Mexican lawmaker wants the country to adopt Bitcoin as a legal tender\" \/>\n<meta property=\"og:description\" content=\"A lawmaker from Mexico is working on a bill that will see Bitcoin adopted as a legal tender in the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/a-mexican-lawmaker-wants-the-country-to-adopt-bitcoin-as-a-legal-tender\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-24T18:30:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-24T16:47:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/kempis-mexico-bitcoin-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/a-mexican-lawmaker-wants-the-country-to-adopt-bitcoin-as-a-legal-tender\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/a-mexican-lawmaker-wants-the-country-to-adopt-bitcoin-as-a-legal-tender\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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