Mexico is tightening up on Bitcoin regulations

[xtinepink]

The Bank of Mexico is tightening things up as they are requiring government permit to businesses with crypto related activities.

The government said that they want to protect the investors and to avoid crimes on internet such as money laundering.

The companies who are engaged in crypto needs to indicate the business operations, commissions, business model, and know your customer (KYC) checks.

 

source:

https://www.ccn.com/mexico-to-tighten-bitcoin-regulations-through-central-bank-issued-permits/

[bmg]

I think it's good to Mexico's taking action to protect their people when it comes to investing and all things related in the cryptocurrency world

[Bigmann23]

I just is a little funy to me that this is where mexico is going start enforcing things now like may be theres a few other things they might want to check in to first lol.

[williamshennie9]

Most countries either seem to be in support of cryptos, like Singapore, or strongly against it, like Mexico.

It is interesting to see these different approaches.