Bitcoin Legal Tender Law to Be Introduced in Mexican Senate

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Nuevo León Senator Indira Kempis visited El Salvador earlier this month to observe the developments the country has undergone. President Nayib Bukele stated that El Salvador grew its GDP by 10.3% in 2021 and had never reached double digits beforehand. Tourism in the country also grew by 30% after El Salvador made Bitcoin legal tender in September.

Hoping to follow a similar path as El Salvador, Kempis plans to present a Bitcoin and cryptocurrency law to the Mexican Congress later this year. The law will be based on El Salvador’s current law where all businesses will be required to accept Bitcoin if their customers request the option. 

A selected group of entrepreneurs, technologists, people knowledgeable of Bitcoin, and Kempis’s friends will all be helping her develop the law. As a Senator with her network and background in Accounting, Communications, and Public Administration, Kempis’s objective is to ensure the most beneficial outcome for Bitcoin and the people of Mexico. 

During her visit to El Salvador, Kempis praised the country’s efforts to become a financially inclusive example for the world. She comments that “It is clear to me that financial exclusion is one of the public problems that few of us have addressed with feasible alternatives” and that Bitcoin is allowing global citizens to use a separate system outside of centralized entities.

Kempis went on to say that “We need bitcoin to be legal tender in Mexico, because if it is not so, if we do not make that decision as El Salvador did, it is very difficult to take action.” Her reference to taking action includes ways to provide more opportunities for the people of Mexico and the world.

She Tweeted “El Salvador is becoming the most important hub in the world by showing a possible future with bitcoin” with a photo of her on the front page of De Dinero.

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Deniz Saat is an IT services specialist, technical writer and editor for BTC Times. His mission is to onboard as many people as possible into the Bitcoin overlay through education and content creation.



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