Jump to content

Mexican banks will be allowed to use some cryptos


 Share

Recommended Posts

8 minutes ago, OzAlphaWolf said:

Cuallix isn't a bank, they're only a money transfer service. I'm guessing they wouldn't be authorised for deposit-taking and lending, etc. 

If they are then they haven't registered with the State of Texas Department of Banking or registered as a domestic or foreign entity with the Texas Secretary of State. 

http://www.dob.texas.gov/entity-search-results

https://mycpa.cpa.state.tx.us/coa/coaSearchBtn

 

Link to comment
Share on other sites

Mexican here who read the Fintech Initiative Law. The law regulates 2 types of Fintech companies: crowdfunding and electronic payments, it doesn't say anything about crypto regulations as a currency or a payment method. What the picture shows is legit, the central bank will allow what crypto are "valid" but won't give currency status... so what's the point

Link to comment
Share on other sites

1 hour ago, OzAlphaWolf said:

I couldn't find this on google so maybe it's from a subscription wire service. Thanks to @TplusZero for sharing.

The Mexico central bank will decide which cryptos are allowed for transactions. 

 

This bodes well for XRP.

 

Hey - yes, this is coming from Bloomberg (closed information/subscription system, so I could only share the screenshot).

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.