Breaking: Mexico’s Legislative Member Set to Propose New Crypto Regulations in Lower House
The Bitcoin ‘gold rush’ among nations has begun with El Salvador starting it all as the country’s president announced he would be proposing new regulations to induct Bitcoin as a legal tender and soon after Paraguay politician hinted a similar stance on the top cryptocurrency. The latest country to join the growing league of nations announcing new legislation around Bitcoin is Mexico.
Eduardo Murat Hinojosa, a member of the Mexican legislative today announced that he would be proposing a legal framework in the lower house.
Voy a promover y proponer ante la Cámara de Diputados un marco legal para las criptomonedas en México #btc
I will be promoting and proposing a legal framework for crypto coins in Mexico's lower house #btc pic.twitter.com/zwhYOZ7KAg
— Eduardo Murat Hinojosa (@eduardomurat) June 8, 2021
This bull season Bitcoin has catapulted to mainstream attention and adoption by institutions, Wall Street hedge funds, and Fortune 500 companies. Now El Salvador has triggered a Bitcoin adoption craze among many South American nations.
The one common thing among these politicians from different Central and South American nations is the ‘Lazer eyes’. Lazer eyes became a popular bitcoin meme earlier this year as the majority of the Bitcoin proponents changed their profile picture to include red laser eyes. As of now, El Salvador is joined by Argentina, Paraguay, and now Mexico.
Bitcoin Price Takes a Slide Over Security FUD
Bitcoin price today reached a new weekly low of $32,200 that was believed to be triggered by the news of the FBI allegedly getting access to Private keys of the Colonial Pipeline ransomware hackers. However, the reports indicate that the Federal agency only managed to get access to a custodial wallet through a court order. The mainstream media somehow connected it to the Bitcoin network’s security leading to the possible FUD.
The on-chain fundamentals are still quite strong with miners continue to hoard more Bitcoin along with the highest exchange outflow registered yesterday with $22.5K BTC leaving the active market.
- Expert Identifies Bullish DOGE Flag as CleanCore Treasury Tops $160M With Fresh Purchase
- Breaking: Bitcoin Proxy Metaplanet Announces New US, Japan Subsidiaries As Stock Slumps
- Will Bitcoin Reclaim $120K as Options Bulls Target $125K Highs Post-FOMC?
- Sharps Technology Announce Plans to Stake Treasury in BONK, Analyst Projects Parabolic Rally
- Why Pi Network Team Is Betting High on Token2049 As Community Seeks Answers
- XRP Price Prediction: Market Longs Surge to 78% as VivoPower Launches Treasury Expansion
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
- Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone
- Bitcoin Price Prediction as Fed Decision Nears — Dump Before the Next Rally?
- Ethereum Price Prediction As Standard Chartered Says Treasury Buying Will Boost ETH Over Rivals
- Solana Price Prediction: Analyst eyes $1,250 as Galaxy Digital and Forward Industries Intensify Accumulation
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
