{"id":76986,"date":"2023-10-26T06:32:18","date_gmt":"2023-10-26T10:32:18","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/mexican-senator-kempis-faces-opposition-over-bitcoin-bill\/"},"modified":"2023-10-26T06:32:22","modified_gmt":"2023-10-26T10:32:22","slug":"mexican-senator-kempis-faces-opposition-over-bitcoin-bill","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=76986","title":{"rendered":"Mexican Senator Kempis Faces Opposition Over Bitcoin Bill"},"content":{"rendered":"<div>\n<figure id=\"attachment_120564\" aria-describedby=\"caption-attachment-120564\" style=\"width: 747px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-120564\" class=\"wp-caption-text\">Indira Kempis. Source: a video screenshot, Senado de M\u00e9xico \/ YouTube<\/figcaption><\/figure>\n<p>Long-time tech and blockchain advocate Mexican Senator Indira Kempis said that her Bitcoin (BTC) bill is seeing more positive attention but is also facing increasing opposition.<\/p>\n<p>Kempis proposed a central bank digital currency (CBDC) last year, which now also includes accepting bitcoin as legal tender.<\/p>\n<p>Initially, there wasn\u2019t much opposition to that bill, Kempis told Decrypt, \u201cbecause nobody really understood Bitcoin.\u201d<\/p>\n<p>This is changing: it\u2019s receiving both positive and negative attention now. That said, she argues that even the opponents\u2019 rejection still means that \u201cwe are moving the system.\u201d<\/p>\n<p>Congress members and their teams started asking more questions on the topic after a Bitcoin ATM was installed inside the Mexican Senate.<\/p>\n<p>Per Kempis, a heat map showing where the country\u2019s legislators stand regarding the bill would be helpful as she\u2019s \u201clooking for clear positions.\u201d<\/p>\n<p>She said she wants to communicate to the public whether or not their representatives are interested in this novel industry.\n<\/p>\n<p>\nIndira Kempis Mart\u00ednez is a Mexican politician from the Citizens\u2019 Movement and a Senator from the state of Nuevo Le\u00f3n since September 2018.<\/p>\n<p>She is well-known in the Cryptosphere due to her long-standing, vocal support for the crypto and blockchain industry and the opportunity Mexico could gain from its early adoption.<\/p>\n<p>While initially not understanding Bitcoin, she said she learned of obstacles faced by entrepreneurs, deciding to look deeper into this type of innovation.<\/p>\n<p>The senator became an advocate of \u201cthe road to creative alternatives,\u201d starting the conversation in the legislative branch.<\/p>\n<p>Then, last year, she introduced the above-mentioned bill. At the time, it focused on creating a CBDC and did not mention BTC. The bill was later modified to include the crypto.<\/p>\n<p>This, she told Decrypt, \u201cwas a necessary step to open the discussion\u201d \u2013 just a first step in a pragmatic approach that would eventually lead to establishing the legal framework for Mexico to adopt bitcoin as legal tender.\n<\/p>\n<p>\nWhile the topic garners attention and the bill is being discussed, Kempis said there is still a long way to go.<\/p>\n<p>The central <strong>Banco de M\u00e9xico<\/strong> is an essential part of the legislative process. Yet, its former governor was a Bitcoin critic, while the current one stays silent on the topic.<\/p>\n<p>The Mexican senate asked the bank to deliver a formal analysis and stance, but it hasn\u2019t done so yet.<\/p>\n<p>Kempis expects Mexico to see its digital peso in 2024.<\/p>\n<p>Lastly, the senator argued that one of the roles of the legislative branch is to provide \u201ca dose\u201d of education, foster discussion, and establish comprehensive regulation, adding: \u201cIf El Salvador could do it, surely we can as well.\u201d<\/p>\n<p>In late August, Kempis announced that she intended to become the first female Presidential candidate in Mexico in 2024.<\/p>\n<p>____\n<\/p>\n<h2>Learn more:<\/h2>\n<p>\n\u2013 Mexico \u2018Leads LATAM in Travel Rule Adoption\u2019 as \u2018Argentina Lags Behind\u2019<br \/>\u2013 Bitcoin-Based Strike Debuts Lightning Network Cross-Border Payments in Mexico \u2013 Crypto Adoption on the Rise<\/p>\n<p>\u2013 Blockchain Technology: The Future of Latin America\u2019s Financial System<br \/>\u2013 El Salvador Town Tires of Waiting for Bukele, Will Build \u2018Real Bitcoin City\u2019<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/mexican-senator-kempis-faces-opposition-over-bitcoin-bill.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indira Kempis. Source: a video screenshot, Senado de M\u00e9xico \/ YouTube Long-time tech and blockchain advocate Mexican Senator Indira Kempis said that her Bitcoin (BTC) bill is seeing more positive attention but is also facing increasing opposition. Kempis proposed a central bank digital currency (CBDC) last year, which now also includes accepting bitcoin as legal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-76986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mexican Senator Kempis Faces Opposition Over Bitcoin Bill | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Indira Kempis. 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