Mexico’s Central Bank is Skeptical

Mexico’s Central Bank, via a statement, warned all commercial institutions from offering services or trading with the public in cryptocurrencies such as Bitcoin. This was a joint statement between Banxico, Mexico’s Central Bank, the National Banking and Securities Commission, and the finance secretary. Cryptocurrencies’ Classification  It also claimed that cryptocurrencies are neither currencies under the present legal framework nor legal tender assets. They also warned against the inherent risks of using cryptocurrencies. This warning comes just a day after Mexican…