We need Bitcoin as legal tender: Mexican legislator says

Indira Kempis, a senator from Mexico’s Nuevo León state, is working on a cryptocurrency bill modeled after El Salvador’s Bitcoin Law.
'We need Bitcoin as legal tender,' a Mexican legislator says | Coinscreed

A government official in Mexico has once again urged the country to follow El Salvador’s lead on (BTC) adoption, despite El Salvador reporting on the good impact of the country’s adoption.

Senator Indira Kempis of the state of Nuevo León believes that BTC should be legal tender in Mexico since it has the potential to drive global financial inclusivity.

The senator is now working on a cryptocurrency bill based on the “Bitcoin Law” of El Salvador.

Kempis said in an interview with El Salvador In English after visiting El Salvador a few weeks ago that she plans to introduce the law in the Mexican Congress this year.

“It is clear to me that financial exclusion is one of the public concerns that few of us have addressed with viable alternatives,” Kempis said, adding that “this type of technology is allowing us to build an alternative so that millions of individuals can be included in the financial system.”

'We need Bitcoin as legal tender,' a Mexican legislator says | Coinscreed
El Salvador looks to become the world’s first country to adopt bitcoin as legal tender

The senator went on to explain that BTC adoption represents a once-in-a-generation opportunity for governments throughout the world to address issues like as inequality and attain financial inclusion:

“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.”

The senator further speculated that Salvadoran President Nayib Bukele may have sparked a Bitcoin revolution that may spread to all nations.

“Making BTC legal tender equalizes the playing field for people who are marginalized in practically every country,” she continued.

Kempis has been aggressively pushing the crypto business in recent years after taking office in 2018, joining the laser eyes movement in July 2018.

“Now that I am engaged in politics, I wish to promote it,” the senator stated, adding that she has been involved in the cryptocurrency business for years and is surrounded by a network of crypto entrepreneurs, developers, and aficionados.

As previously reported, when the Salvadoran Legislative Assembly passed the Bitcoin Law in early June 2021, additional Mexican senators, including Eduardo Murat Hinojosa, began working on crypto-friendly legislation.

Mexican President Andres Manuel Lopez Obrador stated in October that his country would not follow El Salvador’s lead in adopting BTC as legal cash.

The newest news comes as the cryptocurrency market in Mexico has recently gained traction, with Coinbase, a major global crypto exchange, allowing quick crypto withdrawals into Mexican pesos last week.

Last Friday, Ricardo Salinas Pliego, a Mexican billionaire businessman and founder of Grupo Salinas, took to Twitter to advise the public to acquire BTC and “forget about selling.”

He earlier recommended people to acquire Bitcoin in late 2021, referring to fiat currencies such as dollars and euros as “false money made of paper lies.”