Mexican Senator To Propose Crypto Law: ‘We Need Bitcoin As Legal Tender’


Senator Indira Kempis, who represents the state of Nuevo León in Mexico, is working on a crypto bill based on El Salvador’s bitcoin law, she further believes that Bitcoin will be legalized in Mexico because its adoption will lead to global economic inclusion.

While El Salvador reported the positive impact of Bitcoin (BTC) adoption in the country, a Mexican government official once again urged the country to follow the example of El Salvador in bitcoin.

The senator is currently developing a cryptocurrency bill based on El Salvador’s “Bitcoin Act”. They expect to introduce the bill in the Mexican Congress this year, Kempis said in an interview with the El Salvador English publication shortly after he visits El Salvador a few weeks ago.

“It is clear to me that financial exclusion is one of the most common problems that some of us can solve with possible alternatives, and this kind of technology allows millions of people to create alternatives to include in the economy,” Kempis said.

The senator said bitcoin is a historic opportunity for countries around the world to address issues such as inequality and economic inclusion.

“Bitcoin should be a legal tender in Mexico because if it’s not, it’s very difficult to take action if we do not make that decision as El Salvador did.”

The senator also suggested that Salvador’s President Nayib Bukele could launch a bitcoin revolution that would reach out to all countries. “Turning bitcoin into a legal tender means providing a level playing field for excluded individuals in almost every country,” she added.

Kempis, who took office in 2018, joined the Laser Eye Movement in July 2018 and has been actively promoting the crypto industry in recent years. They have been in the cryptocurrency industry for years and are surrounded by a community of crypto founders and developers. Enthusiasts.

As reported earlier, shortly after the Salvadorian legislature passed the Bitcoin Act in early June 2021, other Mexican senators, including Eduardo Murat Hinojosa, also worked for crypto-friendly legislation. Opportunity. Follow the path of El Salvador by accepting Bitcoin as a legal tender.

Currently, the news comes in the wake of the recent growth of the cryptocurrency industry in Mexico, with the major global crypto exchange Coinbase launching instant crypto withdrawals to the Mexican peso last week.

Mexican billionaire businessman and founder of Grupo Salinas, Ricardo Salinas Pliego, recommended on Twitter last Friday that BTC buy and “forget about selling”. Calling Fiat money a “paper lie” like the dollar and the euro, he has previously called on the public to buy BTC by the end of 2021.

Read Also: Minister Says, Tourism In El Salvador Up 30% Since Bitcoin Adoption

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