BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Despite Daunting Regulation, Ripple Endorsed To See Major Breakthrough In Mexico


16 total views, 16 views today

The world renowned blockchain technology in the cross border remittance sector, Ripple, has seen a major leapfrog in Mexico following its meeting with the officials of the western Mexican state.
Ripple, in an update today, disclosed that its team had an official meeting with the Jalisco state Government to iron out some issues regarding blockchain adoption in the Mexico. The update added that the Jalisco Government wants to leverage Ripple to place Mexico as a leading country in the area of Blockchain and Fintech innovation.

Jalisco State Government met with team Ripple to discuss how Mexico is leading the charge in #blockchain and #fintech innovation. pic.twitter.com/mTTy9bOQZz
— Ripple (@Ripple) March 19, 2019

Despite Regulations, Ripple Will See Major Breakthrough In Mexico
The major breakthrough Ripple is witnessing in Mexico came few days after the Bank of Mexico released a memo on how fintech companies including exchanges would be dealing with crypto. While many saw the law as a way of short circuiting crypto activities in the country, the policy was designed to ensure that companies protect their customers from getting involved in complicated and extremely volatile digital assets.
Also Read:  Ripple’s XRP: Notable Crypto Analyst Accuses Coinbase of Insider Trading after CEO Deleted Tweet
The latest law seems to be more stringent or contradictory to a previous one issued out about one year ago. Previous, the Mexican Congress passed a law that companies must apply for license given by the Mexican authority equivalent of the SEC to be able to execute crypto or fiat transactions.
Furthermore, the law added that the Central Bank of Mexico (Banco de Mexico) will have to determine and authorize the cryptos that would be offered to the public by the licensed companies.
Defiantly, Bitcoin Exchange Guide reported that the Central Bank of Mexico released a secondary law that it would not authorize regulated financial companies to offer cryptocurrencies.
As the regulation continues to raise series of disgruntles from individuals, exchanges, and other fintech companies in the country, the latest meeting which featured Ripple blockchain team and the Jalisco state government official seems to a cushion to the heavy burden.
Also Read:  Ripple Bets on Nasdaq in 2019 With its RLX index.
More importantly, the assembly featured talks on the possible growth and adoption of blockchain technology in the country.
As a sign of improvement over the daunting regulation, the official also disclosed the willingness of the government in making Mexico a leading country in the Fintech industry especially through blockchain tech.
Following the development, people have however began spreading rumors that Ripple might be partnering the Jalisco state government.
The post Despite Daunting Regulation, Ripple Endorsed To See Major Breakthrough In Mexico appeared first on Today's Gazette - Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News .

- - - - -

Thank you for Share!

   
Read the full Article

Read the full Article: Despite Daunting Regulation, Ripple Endorsed To See Major Breakthrough In Mexico


Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from leading exponents of BlockChain, Bitcoin and Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Cypto Currencies World.

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News