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Mexico’s Central Bank Publishes ‘Catch-22’ Rules Impacting Cryptocurrency Exchanges

The central bank of Mexico has published rules on crypto assets that put crypto exchanges in “a catch-22 type of situation,” the CEO of a local exchange explained to news.Bitcoin.com. They “essentially stipulated that they wouldn’t authorize any cryptocurrency to be offered by regulated financial companies.” Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Regulating Mexico’s Crypto Industry The Bank of Mexico (Banxico), the country’s central bank, published a circular in the Official Gazette of the Federation on Friday detailing crypto-related provisions for the regulation of...

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Published By: Bitcoin - 12-03-2019