The Central Bank of Mexico, together with the Ministry of Finance and the National Commission on Banking and Securities, warned the country’s financial institutions against working with cryptocurrencies.
According to the statement, digital assets are not legal tender in Mexico and banks that will work with cryptocurrencies risk receiving sanctions from regulators.
Interestingly, the statement of the authorities was made the day after the Mexican billionaire Ricardo Salinas Pliego announced the support of bitcoin by his bank Banco Azteca.
During a conference on Monday, Mexican Finance Minister Arturo Herrera stressed that current laws prohibit the use of cryptocurrencies in the country’s financial system and this is unlikely to change in the foreseeable future.
“Financial regulators are repeating their warnings about the use of so – called ‘virtual assets’ as a means of exchange, savings or other form of investment, “Herrera said.
Recall that in early June, the legislators of El Salvador adopted a bill giving bitcoin the status of a legal means of payment in the country. This will allow a significant part of the population of El Salvador to gain access to financial services.