Mexico’s Banxico Regulation Brings Catastrophe

Mexico’s Banxico Regulation Brings Catastrophe

The Bank of Mexico (Banxico central bank of the nation) released a circular detailing crypto-related provisions for the regulation of financial technology institutions (FTIs). Sebastian Acosta Checa, CEO of local crypto exchange Isbit shared his shock “In a way, it’s preventing institutions from offering virtual assets to end consumers. This is a disaster. The people have really shown their ignorance about the subject…”

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