Mexico’s central bank announced it “will have a digital currency of its own in circulation” by 2024. Thus, the Latin American country put its name next to other nations such as China and Indonesia, which also unveiled plans to launch their CDBCs soon., the government of Mexico revealed that Banco de México will implement a CBDC in the country’s financial system by 2024.
During an interview for a convention hosted by S&P Dow Jones Indices, Jonathan Heath – Deputy Governor of Banco de México – confirmed the news, stating: A CBDC is quite different than decentralized cryptocurrencies such as bitcoin. The former is a digital version of a fiat currency. It is fully centralized and controlled by an entity like a central bank. On the other hand, bitcoin is decentralized as there’s no central authority behind it.Mexico has shown some pro-bitcoin stance in recent months.
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