Mexico’s Central Bank Will Launch Digital Currency by 2024
(Bloomberg) — Mexico’s central bank will have its own digital currency in circulation by 2024 as part of efforts to boost financial inclusion.
“These new technologies and next-generation payment infrastructure are extremely important,” the federal government posted late Wednesday on its Twitter (NYSE:) account, confirming the bank’s plan.
Central banks around the world are developing similar alternatives to cryptocurrencies such as . In Mexico, financial regulation blocks banks from dealing with them. Outgoing Banco de Mexico Governor Alejandro Diaz de Leon said in a Dec. 21 interview that policy makers were looking at a digital currency issued by the central bank.
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