The Mexican Banking Association wants to work together with the central bank to create a digital digital technologies are these electronic tools that have the ability to generate, store or even process data. peso. The news reiterates Mexico’s plans to circulate a CBDC.
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Private banks in Mexico are willing to join forces with the country’s central bank in the creation of a digital currency.
As reported by Forbes the president of the Association of Banks of Mexico (ABM), Daniel Becker, recently expressed the intention of the sector to the governor of the Bank of Mexico (Banxico), Victoria Rodriguez Ceja, during a meeting.
In addition to discussing the outlook and pending private banks, Becker made known the sector’s readiness to assist the nation’s premier financial body in building a central bank digital currency (CBDC).
“ What I offered is that, if Banxico determines that the banking opinion can help build better elements or beginnings of a cryptocurrency, count us in. and the best opinion of the bank so that it is something that provokes and results in a more efficient and robust financial system that reaches the Mexican people. “, dijo Becker.
Private banking wants to collaborate with the digital peso
In an interview with Forbes The ABM representative said it had been a productive meeting in which the governor had been receptive. He added that he is sure that ” channels were generated to continue building a more robust system going forward” and that the agency was willing to consider the proposal.
Extraordinary meeting with the Governor of@BanxicoVictoria Rodriguez and the @AsocBancosMx to continue building the agenda of a more robust and inclusive banking system for the benefit of all Mexicans.pic.twitter.com/RfIezy7Iw8
– Daniel Becker F (@DBeckerF)February 24, 2022
Becker was optimistic about the plan to build a digital currency currency is a medium of exchange that defines value. for Mexico that would reduce the cost of transactions and achieve greater interoperability blockchain interoperability, or cross-chain interoperability, is the ability to see and share information across multiple blockchains. with the help of Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. while providing greater financial inclusion for Mexicans. However, he felt that the work should be done in conjunction with the banks. The representative pointed out in this regard toEl Sol de México:
We have to understand exactly what the problem is or what is intended to be solved through the currencies issued by the central bank and based on that generate work tables to be able to enrich and, if it is the case that Banxico issues its currency, that it be in sync with the banking sector.
“ It was a first preliminary talk […] We don’t know (the process), we don’t know with what characteristics it will come out and we want to understand the impact it will have on the banking system. “said the president of the ABM.
Mexico, CBDC and cryptocurrencies
La noticia reiterates Banxico’s plans to develop a CBDC for the Central American country. The Mexico’s government announced plans in December last year to implement a digital peso by 2024.
The governor of the central bank said at the time that the agency was committed to a nalize the incorporation of “digital alternatives”. By referring to digital assets based on Blockchain said that the new technology in favor of financial inclusion “. should be taken advantage of “and that “ is welcome The financial system is not a “financial system”, although with due vigilance to stability in the financial system.
Banxico again gave signs that it is working on a CBDC this year, when the director of policy and studies of payment systems of the institution, Othón Moreno, admitted during a conference that there is no central bank that is not currently contemplating or analyzing in launching its own digital currency.
According to some reports, Mexico is one of the countries with the lowest rates of banking penetration among its population. In the face of this reality, many have expressed confidence that digital currencies could improve financial inclusion. Beyond a CBDC, some politicians in the country have been working para la introducción de leyes que favorezcan la adopción de criptomonedas.
Just a few weeks ago, Senator Indira Kempis, representative of the state of Nuevo Leon in Mexico, announced that it will present a proposal for a law inspired by El Salvador. “ Necesitamos que Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. sea de curso legal en México “ said Kempis, suggesting that his project seeks legal recognition of Bitcoin . Legislative plans are echoed previous comments of the senator, who has come out in favor of the flagship cryptocurrency.
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Other sources: BeInCrypto , BeInCrypto ,
Article by Hannah Estefania Perez / DiarioBitcoin
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