It should non move surprising when a sovereign state's key banking enterprise chooses to brand a world disputation denouncing Bitcoin (and other cryptocurrencies) equally an actual currency, only this is just what has occurred on Aug. 28 inside the province of Mexico.
In a disputation made before this morn yesteryear the Governor of Mexico's key bank, Agustin Carstens argued that Bitcoin cannot move labeled or accepted equally a 'virtual currency' because it does non conduct keep province or key banking enterprise backing to larn inward legitimate.
The governor of the Bank of Mexico, Agustin Carstens, has rejected adopting ‘virtual currency’ equally the legal classification for bitcoin. Carstens has argued that the term ‘currency’ comprises an inappropriate classification for bitcoin due to the cryptocurrency’s absence of key banking enterprise backing or issuance.
The governor of Mexico’s key banking enterprise has argued that cryptocurrency should autumn nether the governmental domain of cyber security, in addition to non move viewed equally a ‘virtual currency’ yesteryear the nation’s regulators. Carstens stated that cryptocurrencies “are non necessarily immune to hacking”, in addition to argued that bitcoin’s greatest utility is “the fact that it offers users anonymity” – before alarm that bitcoin comprises an attractive a monetary musical instrument to dark marketplace position entities. – Bitcoin
Ironically, United Mexican U.S. of A. should move 1 of the well-nigh opened upwards countries for accepting Bitcoin into their economic scheme equally a medium of exchange, primarily because their currency is correct at 1 time on a high inflationary run, in addition to their citizens reside inside 1 of the lowest standards of living inward the minute the world tier.
But the existent truth behind this statement is the same equally amongst well-nigh key banks... Bitcoin in addition to cryptocurrencies threaten their existence yesteryear removing the middleman from the monetary system. However, since United Mexican U.S. of A. is 1 of the richest silvery producers inward the world, perchance 1 24-hour interval it could practise its ain silvery backed cryptocurreny for role equally money, because that lonely would take away the stigma of it existence a de-centralized 'virtual currency'.
