Mexican Government Officially Installs Bitcoin ATMs In Senate Buildings As A Symbol Of Financial Freedom

JAKARTA – The Senate building in Mexico has been equipped with a Bitcoin ATM on April 26. The installation of a Bitcoin ATM cannot be separated from the support of politicians there, one of which is Miguel Angel Mancera from the Democratic Revolution Party.

CoinCu reports that Mexico already has 13 crypto ATMs spread across cities such as Mexico City, Tijuana, Guadalajara, Cancun, Culiacán, San Miguel de Cozumel, and Aguascalientes. The presence of a Bitcoin ATM in the senate building makes it the 14th in the country.

The installation of a Bitcoin ATM in the senate building was announced by senator Indira Kempis who uploaded a photo of the new ATM via her Twitter account. Apart from being a politician, Kempis is also known as a crypto supporter. He declared the Bitcoin ATM a symbol of “financial freedom, inclusion and education in Mexico.”

“We put the first Bitcoin ATM in the Mexican Senate. This is for educational purposes towards inclusion and future financial education,” said Kempis.

Not only Kempis, senator Miguel Angel Mancera also posted the installation of the Bitcoin ATM. He stated that bitcoin transaction volume has surpassed “conventional” payment systems such as PayPal, Visa, and MasterCard, “which have an unprecedented market cap.”

Mancera and Juan Manuel Fócil Pérez also hosted the Bitcoin forum titled “Bitcoin: Mexico faces the future”, where participants discussed an analysis of a proposal to regulate cryptocurrency in Mexico prior to the installation of a bitcoin ATM on the premises of the Senate.

The Mexican government plans to take advantage of this new blockchain-based digital financial model. Therefore, they plan to regulate crypto regulations with the current market conditions, where crypto enthusiasts are dominated by young people.