With planned Bitcoin legislation, Mexican politicians hope to follow in the footsteps of neighbouring countries.

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“In Mexico, we are going to lead the shift to crypto and fintech,” stated one legislator.

Eduardo Murat Hinojosa, a senator in Mexico’s federal government, has stated that he will present a proposal to parliamentarians aimed at increasing crypto usage in the nation.

In a tweet today, Hinojosa changed his profile picture to feature the senator speaking into a microphone with the iconic “laser eyes,” indicating support for crypto. The lawmaker said he would be “promoting and proposing a legal framework for crypto coins in Mexico’s lower house,” specifically mentioning Bitcoin (BTC).

Hinojosa is not the only Mexican legislator who has shown support for cryptocurrency. Indira Kempis Martinez, a senator from Nuevo León, has also changed her profile picture to portray laser eyes, with Hinojosa referring to her as a friend to the cause.

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“We are going to lead the shift to crypto and fintech in Mexico,” said Hinojosa.

The social media activity coincides with countries in Latin America appearing to be taking moves towards broader crypto acceptance. El Salvador President Nayib Bukele announced in a video message to delegates of the Bitcoin 2021 conference last week that he will present a bill to the country’s legislature urging that Bitcoin be made legal cash.

On Sunday, Paraguayan congressman Carlitos Rejala intimated that crypto would be linked to “an important project to innovate Paraguay in front of the world” that would begin this week. He said yesterday that he was collaborating with local crypto leaders “in order for Paraguay to become a hub for the world’s crypto investors.”

 

Despite the fact that many private investors in Mexico support Bitcoin, officials in the nation stated last year that cartels were boosting their use of cryptocurrency to launder cash. At the time, the director of the Mexican Attorney General’s Cyber Investigations Unit stated that the country’s law enforcement lacked the resources needed to combat money laundering involving cryptocurrency.

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