Mexcian senator to propose crypto law to make BTC as legal tender

Mexico follows El Salvador's footsteps and attempts to become the second country that may recognize Bitcoin (BTC) as a legal tender status in its jurisdiction.

Indira Kempis, a senator representing the Nuevo León state of Mexico, plans to propose a crypto law to congress this year. She has recommended that the country follow El Salvador's example on Bitcoin to drive global financial inclusion.

The confident Bitcoin advocate said, "It is clear to me that financial exclusion is one of the public problems that few of us have addressed with feasible alternatives, and that this type of technology is allowing us to generate an alternative so that millions of people can be included in the financial system," told El Salvador In English publication in an interview. This comes amid a visiting El Salvador a few weeks ago. 

She confirmed that the smallest country in Central America is transforming into the most essential hub globally for Bitcoin in the future. The positive impact reported in the country after it adopted BTC in September last year allows the opening possibilities of a new economy. 

Kempis believes that Bitcoin adoption is the best chance for countries all over the globe to tackle problems regarding inequality also to achieve financial inclusion. She said, "We need Bitcoin to be legal tender in Mexico, because if it is not so, if we do not make that decision as El Salvador did, it is very difficult to take action."

The senator also indicated that Salvadorans are making it possible, and turning Bitcoin into a legal tender would level the playing field for excluded people in almost all countries. Explaining inclusion and financial education are rights for every Mexican.

Indira has been a crypto advocate for a long time by surrounding herself with people who have worked closely in the industry. Now she is participating in politics to promote it.

Moreover, In the past Mexican government also posted a tweet in Dec 2021 announcing introducing a new national central bank digital currency (CBDC) in the next two years, which would help Mexico become more financially inclusive, keeping in pace with other countries.