Sunday, July 3

Mexico confirms plans to implement a CBDC in 2024 By CoinTelegraph

© Reuters. Mexico confirms plans to implement a CBDC in 2024

Mexico has announced that it will introduce a new national central bank digital currency (CBDC) in 2024, according to a tweet published Thursday. The tweet from an account representing the Mexican presidency highlighted that “new technologies and next-generation payment infrastructure” will help Mexico become more financially inclusive.

  • The governor of Banco de México affirms that transactions with are equivalent to barter

Plans for a CBDC come to the recent statement by Mexican President Andrés Manuel López Obrador that Mexico is unlikely to follow in El Salvador’s footsteps and use cryptocurrencies like Bitcoin () as legal tender.

Read the full article on Cointelegraph

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