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Mexico s Finance Minister: Cryptocurrencies Are Prohibited From Being Used in Financial System Mexico’s central bank, finance ministry, and banking regulator have jointly issued a warning about cryptocurrency. Finance Minister Arturo Herrera emphasized that cryptocurrencies are prohibited from being used in Mexico’s financial system. The central bank of Mexico, the finance secretary, and the National Banking and Securities Commission (CNBV) said in a joint statement Monday that crypto assets are not legal tender in Mexico and are not considered currencies under current laws. The regulators warned that financial institutions operating with them are subject to sanctions. Their statement reads: “The financial authorities reiterate their warnings … on the risks inherent in the use of so-called ‘virtual assets’ as a means of exchange, as a store of value or as another form of investment.” It adds:

Salinas pliegoRicardo salinas pliegoLuis gonzaliArturo herreraSecurities commissionNational bankingFinance ministerFinancial systemMinister arturo herreraFranklin templeton investmentsஆர்ட்டுரோ ஹெர்ரெராபத்திரங்கள் தரகுதேசிய வங்கிநிதி அமைச்சர்நிதி அமைப்புஅமைச்சர் ஆர்ட்டுரோ ஹெர்ரெரா