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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