Mexican Government In Favour Of Cryptocurrency Users

Cryptocurrencies and blockchain technology continue to be a topic of interest in Latin America even in the face of problems such as the difficulty in obtaining clear information about their operation.

Cryptocurrencies and blockchain technology continue to be a topic of interest in Latin America even in the face of problems such as the difficulty in obtaining clear information about their operation. Furthermore, there is a desire among the public for this sector to be regulated, as indicated by the “Blockchain Latam Report”, published by the firm Sherlock Communications.

In the case of Mexico, the report noted that of the cryptocurrency users surveyed, 74% agree that a regulatory improvement is needed for the Mexican cryptocurrency market, and 85% stated that they completely agree that the government should provide more. official information about the use of crypto assets in the country.

The above happens in a context in which Mexico was positioned 16th within the 2023 Global Cryptocurrency Adoption Index by Chainalysis, an analysis firm specialized in blockchain. It is the first time that the country is positioned within the first 20 countries within the index.

Regarding regulation, during the Fintech Week, held in August, Gabriel Yorio, Undersecretary of the Treasury, highlighted that Mexico would have to define a regulatory policy regarding virtual assets.