Mexico must recognise Bitcoin as legal tender to address growing inequality, says Senator

Salvadoran President Bukele started a Bitcoin revolution, Kempis said.

Mexican senator Indira Kempis has cited the example of El Salvador to encourage the country’s government to adopt Bitcoin as legal tender in a bid to drive global financial inclusion. The statement comes amid reports of the positive impact of Bitcoin adoption on El Salvador’s tourism and economy.

Based on El Salvador’s Bitcoin Law, Kempis is now working on a bill that will propose the introduction of BTC as legal tender to the Mexican Congress.

The bill will be presented by the end of 2022 the senator representing Nuevo León state told an El Salvador-based English publication after a visit to the pro-Bitcoin country a few weeks ago:

“It is clear to me that financial exclusion is one of the public problems that few of us have addressed with feasible alternatives, and that this type of technology is allowing us to generate an alternative so that millions of people can be included in the financial system.” 

Kempis further said that she considers Bitcoin adoption as a historic opportunity for countries around the world to address inequality and achieve financial inclusion.

“We need Bitcoin to be legal tender in Mexico because if it is not so if we do not make that decision as El Salvador did, it is very difficult to take action,” she added.

The senator also hailed Salvadoran President Nayib Bukele as a leader who started the Bitcoin revolution. Adopting Bitcoin as a legal tender will mean a level playing field for people who are excluded in almost all countries, Kempis explained.  

Kempis has been an active advocate for cryptocurrency adoption in the last few years.

She joined the laser eyes movement in July 2018 and has been surrounded by a community of crypto entrepreneurs, developers and enthusiasts since taking office in 2018. The senator has previously stated that now that she is part of politics, she is keen on promoting crypto.