Mexican president announces digital Peso release

by in Cryptocurrency News

Mexico

Mexico joined the list of countries that have already officially announced their intention to develop their digital asset.

This information was recently posted on the official account in one of the social networks of the President of Mexico Andrés Manuel López Obrador.

In a statement, the President noted that the Central Bank of the country (CBDC) is going to deal with the issue of the digital peso. According to reports, the department should develop a national cryptocurrency by 2024.

In addition, the message says that the technology space is certainly very important for the financial future of the country. That was one of the reasons for the growing interest of government agencies in the "new money".

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It is worth focusing the readers' attention on the fact that the British company Merchant Machine, which is studying the possibilities of processing payments around the world, conducted a study and found that Mexico is one of the few countries in the world that has difficulties in accessing financial services. Most of the country's population does not use banking services at all, let alone services related to digital assets.

The low percentage of Mexicans using crypto assets is also confirmed by the fact that more than 50% of the country's citizens do not have a single bank account. That greatly complicates the process of lending to the population. The reason for this situation is the mistrust of Mexicans in financial services and the difficulties associated with them.

In this context, it is worth noting that six months ago, the Ministry of Finance and the Central Bank of Mexico announced that they are ready to impose sanctions on banks and financial institutions that will carry out transactions with digital assets.