The new Governor of the Bank of Mexico, Victoria Rodríguez Ceja, confirmed plans to release a retail central bank digital currency (CBDC) during 2025.
A key question with any CBDC issuance is, what are the motivations? During a presentation to the Mexican senate, the Governor said the first goal of its CBDC will be financial inclusion. It also wants to provide more fast payments options and ensure the economy is efficient and interoperable. The Governor said she’s also keen to enable programmable money and promote innovation.
Some countries are driven to adopt CBDCs to head off the penetration of cryptocurrencies. While Mexico has an active cryptocurrency sector, Chainalysis ranked it 44th in terms of level of adoption of cryptocurrency. That’s on a par with the Netherlands, Spain and Germany.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
