Indira Kempis To Propose Crypto Law In Mexico

Indira Kempis, a senator from Nuevo León state, believes Bitcoin should be legal tender in Mexico because its adoption could drive global financial inclusion.

iexclusive News Nigeria  reports that the senator is currently working on a cryptocurrency bill modeled after El Salvador’s “Bitcoin Law.” Kempis said in an interview with El Salvador In English

After visiting El Salvador a few weeks ago that she expects to introduce the bill to the Mexican Congress this year.

“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,” Kempis said.

The senator went on to say that Bitcoin adoption represents a historic opportunity for countries around the world to address issues such as inequality and achieve financial inclusion, stating:

“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 suggested that Salvadoran President Nayib Bukele may have started a Bitcoin revolution that has the potential to spread to all countries.

“Making Bitcoin a legal tender means putting a level playing field for people who are excluded in almost all countries,” she added.

Kempis, who took office in 2018, has been actively promoting the crypto industry in recent years, including joining the laser eyes movement in July 2018.

She has been involved in the cryptocurrency industry for several years, and she is surrounded by a community of cryptocurrency entrepreneurs, developers, and enthusiasts.

The senator said, adding: “Now that I am participating in politics, I seek to promote it.”

As previously reported, when the Salvadoran Legislative Assembly passed the Bitcoin Law in early June 2021.

Additional Mexican senators, including Eduardo Murat Hinojosa, began working on crypto-friendly legislation.

Mexican President Andrés Manuel López Obrador announced in October that his country would not follow El Salvador’s lead in accepting Bitcoin as legal cash.

The newest news comes as the cryptocurrency market in Mexico has recently gained traction, with Coinbase.

A major global crypto exchange, allowing quick crypto withdrawals into Mexican pesos last week.

Last Friday, Mexican billionaire businessman and Grupo Salinas founder Ricardo Salinas Pliego came to Twitter to advise the public to acquire BTC and “forget about selling.”

“He earlier recommended people to acquire Bitcoin in late 2021, referring to fiat currencies such as dollars and euros as “false money made of paper lies.”