Author Topic: BITSO: MEXICO STUNTED BITCOIN INDUSTRY’S GROWTH – BUT HASN’T BANNED CRYPTO ALTOG  (Read 3 times)

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According to Bitso, while the Bank of Mexico (Banxico) published new rules to govern cryptocurrencies and it could certainly stagnate the growth of the industry, it does not stop the operations of crypto exchanges.

In an official statement, the cryptocurrency exchange said that the circular released by Banxico claims the central bank wants cryptocurrencies to be utilized for international operations of financial institutions, not for clients or custody.

The exchange said that the circular is not in line with the existing fintech law of Mexico and will continue to carry out conversations with the financial authorities to grow the local fintech industry.

Source: https://www.ccn.com/bitcoin-exchange-dont-believe-false-reports-that-mexico-banned-crypto