Mexican Senator Rallies Support For Bitcoin As Legal Tender

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Sen. Indira Kempis is making waves in Mexico’s political landscape with her Bitcoin-focused agenda. The freshman senator is now facing opposition against her Bitcoin bill, indicating its increasing significance.

According to a Decrypt report, Kempis initially gained attention last year for proposing a bill to establish a central bank digital currency (CBDC). Now she’s pushing for Bitcoin to be accepted as legal tender in Mexico.

As a congresswoman from Nuevo León, Kempis became involved with Bitcoin after recognizing the challenges entrepreneurs faced. Her initial bill proposed the Banco de México, or the Central Bank of Mexico, as the sole issuer of digital currency, but was later modified to include Bitcoin following backlash from the crypto community.
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Kempis has announced her intention to run for the presidency in the 2024 elections, with plans to continue her Bitcoin advocacy. She is also committed to educating the legislative branch and the public on the potential benefits of Bitcoin integration.

"If El Salvador could do it, surely we can as well," she said.
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https://www.msn.com/en-us/money/oth...could-do-it-surely-we-can-as-well/ar-AA1iRRQt

I have no idea how much support/interest there is for this in Mexico. :popcorn:
 
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There wasn’t much opposition to her bill initially, “because nobody really understood Bitcoin,” Kempis recalled. Now, it’s getting attention, both positive and negative. But she says she doesn’t get upset when she runs across detractors, because their rejection still means “we are moving the system.”

Kempis said she would like to see a heat map of Mexico showing where legislators stand regarding the bill. “I’m looking for clear positions,” she explained, hoping to communicate to the Mexican public whether their representatives are interested or not in this type of innovation.
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The bill is being discussed, but has a long way to go. The country’s Central Bank is an integral part of the legislative process, although it claims autonomy, and the Mexican senate has requested a formal analysis and stance from the institution. It hasn’t arrived yet.

The former head of the central bank was a staunch critic of Bitcoin, said Kempis, whereas his successor, the current governor Victoria Rodríguez, has remained silent in most of the discussions surrounding Bitcoin.

Other politicians are not sold. Andrés Manuel López Obrador, also known as AMLO, came out to assure that Mexico “would not” adopt Bitcoin as legal tender after Nayib Bukele’s El Salvador approved its pioneering Bitcoin law.

That said, the digital peso, which the financial institution is aiming for, should arrive sometime in 2024, the senator said.
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Sounds like it will be an uphill battle to get this done (ie. it's not likely to happen unless something big happens IMO).
 
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