04 January 2022
Written By FinTech Alliance
The Bank of Mexico has said it aims to launch its own central bank digital currency (CBDC) by 2024.
In Brief:
Central Bank authorities are currently in talks with financial institutions.
They are examining the implementation and infrastructure needs of a CBDC.
Cryptocurrencies are currently not regulated in Mexico.
What does this mean?
According to the Mexican government, it believes that a CBDC could boost financial inclusion – but the project remains in its early phases.
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