Mexican Senator Proposes Bitcoin Legalization, Despite Backlash Over Central Bank Digital Currency Bill
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Mexican Senator Indira Kempis introduced a bill to create a central bank digital currency (CBDC) in Mexico. She later modified it to include Bitcoin.
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Kempis says she didn't understand Bitcoin at first but wanted to help crypto entrepreneurs facing obstacles.
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The bill sparked backlash from the crypto community, but also more interest and questions from legislators.
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Kempis aims to communicate where legislators stand on crypto innovation and make Bitcoin legal tender like in El Salvador.
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The central bank is analyzing the bill but hasn't taken a stance yet. Kempis plans to continue pushing crypto legislation if elected president in 2024.