Mexican Senator Indira Kempis is set to send a bill to Congress which will seek to legalize Bitcoin (BTC) as a legal tender in the country, in a bid to trail El Salvador.
As reported by online media “El Salvador in English”, the Senator is determined to sponsor the bill this year, believing that failure to adopt the digital currency now can hurt the plans to bring financial equality in the future.
“I have surrounded myself with several people who have worked with bitcoin for years. I have a community of entrepreneurs, of technologists, and of friends who are very knowledgeable and have told me for a long time, ‘you have to be and you have to be part of this world’ And now that I am participating in politics, I seek to promote it,” Senator Kempis said.
According to the lawmaker, Since El Salvador has legalized Bitcoin that has successfully shifted the narratives from the country previously dominated by violence and crimes. She commended that El Salvador is now been looked at in a whole new light.
“It is a historic opportunity that this type of project is being carried out in a Central American country. Every time El Salvador was discussed, it was always to address issues of migration, violence, and organized crime, and now the world’s gaze is not on those public problems, but because of this great call at a global level with bitcoin,” she said.
Besides harnessing the technological advances of Bitcoin and the blockchain tech upon which it is built, Senator Kempis is optimistic that the digital currency can serve as a hotbed for multinational digital assets companies to come set up offices in Mexico.
El Salvador’s adoption of Bitcoin as its legal tender alongside the US Dollar was accompanied by a lot of bold decisions. As Senator Kempis considers the Bitcoin-centric bill proposal, considerations for the rebuttal from both the International Monetary Fund (IMF) and the World Bank should also be factored in.
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