Keep following to stay informed.
Mexico's Congress receives proposal to regulate cryptocurrencies
Deputy Sesma promotes law to regulate the digital asset sector with the aim of curbing illicit activities and providing certainty to users in Mexico.
An ambitious legislative proposal, led by Deputy Jesús Sesma, arrived yesterday at the Congress of the Union with the promise of bringing order and security to a market that is booming. The legislator from the Green Party of Mexico (PVEM) has as its main goals to combat money laundering and provide greater protection to millions of users of bitcoin (BTC) and other digital assets in the Latin American country.
Accompanied by Deputy Elvia Vigil Estrada and a team of expert advisors, Sesma Suárez emphasized the urgency of providing Mexico with a clear legal framework for cryptocurrencies. This is taking into account that the nation ranks fourteenth in the world for the adoption of digital assets and first in Latin America.
The project contemplates the reform of four fundamental laws, such as those governing the Securities Market, the regulations for Regulating Financial Technology Institutions (Fintech Law), the National Banking and Securities Commission, and the Bank of Mexico Law. This ambitious regulatory restructuring responds to a "need," as the Mexican territory has been operating without specific and strict regulation, as Sesma pointed out during a press conference in the Congress of Mexico City.
According to the legislator, this absence of a clear legal framework has created fertile ground for fraud, pyramid schemes, and the use of cryptocurrencies in illicit activities, including money laundering by citizens, companies, and even organized crime.
$XRP
$ETH
#CEXvsDEX101🔥
Mexico's Congress receives proposal to regulate cryptocurrencies
Deputy Sesma promotes law to regulate the digital asset sector with the aim of curbing illicit activities and providing certainty to users in Mexico.
An ambitious legislative proposal, led by Deputy Jesús Sesma, arrived yesterday at the Congress of the Union with the promise of bringing order and security to a market that is booming. The legislator from the Green Party of Mexico (PVEM) has as its main goals to combat money laundering and provide greater protection to millions of users of bitcoin (BTC) and other digital assets in the Latin American country.
Accompanied by Deputy Elvia Vigil Estrada and a team of expert advisors, Sesma Suárez emphasized the urgency of providing Mexico with a clear legal framework for cryptocurrencies. This is taking into account that the nation ranks fourteenth in the world for the adoption of digital assets and first in Latin America.
The project contemplates the reform of four fundamental laws, such as those governing the Securities Market, the regulations for Regulating Financial Technology Institutions (Fintech Law), the National Banking and Securities Commission, and the Bank of Mexico Law. This ambitious regulatory restructuring responds to a "need," as the Mexican territory has been operating without specific and strict regulation, as Sesma pointed out during a press conference in the Congress of Mexico City.
According to the legislator, this absence of a clear legal framework has created fertile ground for fraud, pyramid schemes, and the use of cryptocurrencies in illicit activities, including money laundering by citizens, companies, and even organized crime.
$XRP
$ETH
#CEXvsDEX101🔥