News
The Bank of Mexico's new stability report flags liquidity, contagion and regulatory-arbitrage risks as crypto adoption accelerates in Latin America.
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Mexico News
Mexico is a federal presidential representative democratic republic in the southern part of North America. According to the International Monetary Fund, the country is the 15th largest country by nominal GDP and the 11th largest country by purchasing power parity. In terms of cryptocurrency, in March 2018, the Mexican government presented its draft legislation which describes Bitcoin as a digital asset and sets regulations on making transactions with virtual money. Due to the high market capitalization, protocols, algorithms, etc., authorities will determine which kinds of cryptocurrency fits the definition of an asset. The main purpose of the law is to raise their national economy by attracting international companies and investors interested in digital currencies.
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Nubank vice-chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America.
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Researcher Luiz Eduardo Abreu Hadad told Cointelegraph that while devs are drawn to established ecosystems, the region can create new platforms.
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Binance launches Medá in Mexico, a regional crypto hub and regulated fintech driving fintech innovation across Latin America.
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SoFi Technologies will leverage the Bitcoin network under a partnership with Lightspark to better compete in the $740 billion global remittance market.
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US authorities confiscated massive drug quantities and dismantled meth labs nationwide while pursuing crypto-linked cartel operatives.
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Mexican entrepreneur Ricardo Salinas, who first bought Bitcoin at $200 around 12 years ago, has increased his Bitcoin exposure from 10% to 70% over the past four and a half years.
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Bitcoin-stacking Metaplanet bought at $96,185, while El Salvador bought at around $94,050 per Bitcoin.
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The US Senate confirmed former Cantor Fitzgerald CEO and crypto advocate Howard Lutnik as President Donald Trump’s commerce secretary.
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Stablecoin use in emerging markets soars despite the absence of crypto-friendly regulations and basic banking infrastructure. Will the US catch up to this trend?
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Six men kidnapped a family of three and a nanny at gunpoint in Chicago before whisking them away for five days, demanding they cough up $15 million in cryptocurrencies.
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Bitcoin’s sell-off might not be over yet, but does data point to the potential end of the BTC bull market?
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Leveraged long liquidations would surpass $1 billion if Ether’s price falls below $2,650.
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Both Canada and Mexico have agreed to implement policies to stop the flow of illegal drugs and immigration into the US after a phone call with US President Donald Trump.
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Ether, Cardano, Avalanche, XRP, Chainlink and Dogecoin all dropped over 20% over the past 23 hours after US President Donald Trump imposed his first round of tariffs.
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