Ricardo Salinas predicted “an uphill battle” to the legalization of bitcoin in Mexico
According to the billionaire, this will strike a blow to the regulators’ monopoly over money control
19.04.2022 - 10:00
278
1 min
0
What’s new? Mexican billionaire Ricardo Salinas has stated that the process of legalizing digital assets in Mexico will lead to “an uphill battle.” He said this in an interview with Cointelegraph at the Bitcoin 2022 conference in Miami. The entrepreneur’s fortune is estimated at $12,9 billion (according to Forbes).
News on the Cointelegraph website
What arguments did Salinas make? The billionaire believes that the Mexican authorities fear cryptocurrencies because of their freedom and independence. The legalization of bitcoin will provoke strong resistance from regulators, who will not want to give up control over money. Without a battle it will not work to make bitcoin a legal tender, Ricardo Salinas concluded.
In April 2022, the Mexican billionaire called bitcoin the only alternative to the dollar, and in March, during a visit to a geothermal power plant for mining in El Salvador, he called it the currency of freedom.
What had happened before? In February 2022, Indira Kempis, a senator representing the state of Nuevo León, stated that bitcoin should become legal tender in Mexico. She argued that the adoption of bitcoin has the potential to contribute to the global outreach to the population without access to financial services.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 970
BTC
+0.72%
-
Ethereum
$3 293.46
ETH
-1.89%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.44
XRP
+20.2%
-
Dogecoin
$0.407624
DOGE
+6.11%
-
Cardano
$0.973008
ADA
+21.81%
-
Stellar XLM
$0.328569
XLM
+31.79%
-
Bitcoin Cash
$487.69
BCH
+1.05%
-
Polkadot
$6.34
DOT
+8.59%
-
Litecoin
$90.83
LTC
+1.63%