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Mexico is just one signature away from regulating cryptocurrency after a law setting out its position passed the lower house of the Mexican government.

 

Combining new resolutions on fintech more generally, including crowdfunding and various aspects of cryptocurrency businesses, the bill now only requires a signature from president Enrique Pena Nieto before it becomes law.

 

The exact details applicable to crypto companies will be specified at a later date as so-called ‘secondary’ laws, the current incarnation of the bill containing more generalized information agreed when it was approved by the Mexican Senate Dec. 5 last year.

 

If Mexico signs the bill, it will have joined the elite club of countries that has taken a sensible approach to cryptocurrencies and regulated the issue on government level.

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Though the crypto market is still relatively new and lacks many of the traditional institutions of a civilized market, there are projects on the market that seek to indemnify or mitigate the associated risks that investors take when deciding to invest in projects. Cryptics is one such project that seeks to offer the necessary instruments for alleviating the situation with uncertainty. The concept behind it is to support market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of cryptocurrencies. Such instruments based on highly advanced scoring models involving machine learning and AI are incomparable with human intuition that even the luckiest and most prudent investors could ever be endowed with. The multitude of factors involved in predicting a cryptocurrency’s rise or fall are all taken into account by the algorithms that Cryptics employs. Investors should consult such projects as the expense is well worth the ensured profit and peace of mind.

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