Mexican Senator Indira Kempis Aims to Make Bitcoin a Priority
Freshman Mexican Senator Indira Kempis is making waves with her commitment to Bitcoin. After encountering the cryptocurrency several times and realizing the obstacles faced by entrepreneurs, Kempis decided to take a closer look at Bitcoin and its potential for Mexico.
Kempis, who helped establish Bitso, the country’s largest exchange, introduced a bill that initially focused on creating a central bank digital currency (CBDC). However, she modified the proposal to include Bitcoin after facing backlash from the crypto community.
Building Support for Bitcoin
Kempis acknowledged that her journey has been challenging but also fruitful. With the installation of a Bitcoin ATM inside the Mexican Senate, more members of Congress are asking questions and showing interest in the cryptocurrency.
Initially, there was little opposition to her bill due to a lack of understanding about Bitcoin. However, as awareness grows, both positive and negative attention is being directed towards her proposal.
Seeking Clarity from Legislators
Kempis expressed her desire for clear positions from legislators regarding her bill. She believes it is important to communicate to the Mexican public whether their representatives support or oppose this type of innovation.
Mexico has a thriving tech scene and a tech-savvy population. The country also has a wider range of crypto products available compared to other Latin American countries. Additionally, digital wallets are now accessible in indigenous languages spoken by 6% of the population.
The Road Ahead
The bill is currently under discussion but has a long way to go before becoming law. The country’s Central Bank plays a crucial role in the legislative process, and the Mexican Senate has requested an analysis and stance from the institution.
While some politicians, like former central bank head, have been critical of Bitcoin, Kempis remains optimistic. She announced her candidacy for the upcoming 2024 elections and plans to continue advocating for Bitcoin.
Hot Take: Bitcoin as a Solution
Kempis recognizes that Bitcoin is not a cure-all for Mexico’s problems but believes it can offer solutions. She aims to educate and push for well-thought-out laws and regulations surrounding the cryptocurrency. Inspired by El Salvador’s adoption of Bitcoin, she remains hopeful that Mexico can follow suit.
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