Crypto Remittances Prove Their Worth in Latin America
Crypto remittances are growing in Latin America, particularly in the wake of other remittance platforms shutting off access to some markets.
Mexico
Secretario de Hacienda de México confirma prohibición de uso de criptomonedas en su sistema financiero
Jun 28, 2021
El secretario de Hacienda, Arturo Herrera Gutiérrez, dijo que las criptomonedas no son activos de curso legal y no son tratadas como divisas dentro del marco regulatorio actual del país.
The statement comes after Mexican billionaire Ricardo Salinas Pliego said his bank would accept bitcoin.
The companies, whose names weren’t disclosed, are not registered with the agency, the Financial Intelligence Unit said.
Billionaire Salinas Says He’s Working for His Bank to Be First in Mexico to Take Bitcoin
Jun 27, 2021
"Fiat is fraud," the billionaire said in a recent video.
Latin Americans are increasingly turning to stablecoins as a store of value.
Mexico
