CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » Crypto News » Senator Invites Mexican President to Discuss Bitcoin as Legal Tender

Senator Invites Mexican President to Discuss Bitcoin as Legal Tender

Author: Andrew Throuvalas

Last Updated Apr 11, 2022 @ 13:29

A senator has extended an invitation to Mexico’s President to discuss the possible implementation of Bitcoin as currency.

Getting your audio player ready...

NOTE: This article has been edited to better reflect the intentions of the President. He was extended an invitation by a senator, not the other way around. 

Samson Mow – former CSO at Blockstream – revealed the Bitcoin adoption plans of three different global jurisdictions on Thursday. One of them includes Mexico – where the nation’s president has been invited by a senator to discuss the possibility.

Spreading Bitcoin Adoption Worldwide

Speaking on-stage at the Bitcoin 2022 conference, Mow explained how he’s spent the last month working on “Bitcoin nation-state adoption” ever since leaving Blockstream. He’s also launched a new Bitcoin tech company called “Jan 3”, named after the date that Bitcoin’s genesis block was formed.

During that time, the programmer’s influence has spread to places like Prospera – a privately managed developing city on the island of Roatán in Honduras. The city’s President – Joel Bomgar – revealed that Bitcoin in Prospera operates as legal tender.

“That means no capital gains tax on Bitcoin, you can transact freely using Bitcoin, and you can pay taxes and fees to the jurisdiction in Bitcoin,” Bomgar explained.

Furthermore, Prospera will enable other municipalities in Honduras, and corporations outside the U.S., to float Bitcoin bonds from within Prospera’s jurisdiction. These will operate in a similar way to the Bitcoin bonds being planned by El Salvador, which were also built in collaboration with Samson Mow.

Secondly, the autonomous region of Madeira in Portugal also plans to “adopt” the cryptocurrency. Following up after Bomgar, Madeira President Miguel Albuquerque told the audience that he believes in the future, and in Bitcoin.

Though he made no mention of making Bitcoin legal tender, Albuquerque said that Bitcoiners need not pay tax when buying or selling the asset in his region. He also stated that he will continue to work on creating a “fantastic environment for Bitcoin”.

Mexico on a Bitcoin Standard?

Finally, Senator Indira Kempis stepped in to give an update on Mexico’s Bitcoin adoption plans. Kempis claimed last month that she wanted to make the cryptocurrency legal tender in Mexico, second after El Salvador.

Though the chances at the time seemed slim, what she revealed today makes the odds of such a change look far more probable. On stage, she publicly invited the President to sit down with Mow and discuss making Bitcoin legal tender across Mexico.

The senator has been busy submitting bills to make financial inclusion and education a constitutional right for the Mexican population. She’s also been trying to modify regulations around fintech and monetary law – summarized by Mow as a “Bitcoin law”.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Tags: Bitcoin Bitcoin Adoption
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Andrew Throuvalas
More posts by this author

Andrew is a content writer with a passion for Bitcoin. He became familiar with Bitcoin back in 2013, but began diligently studying the blockchain technology and its economic implications in 2017. Ever since, he’s believed in the network’s power to replace the current global monetary system, and provide financial freedom to billions worldwide.
Contact: Medium | LinkedIn | Twitter

Join Our Community

FacebookX YouTubeTelegram


Editorials
10 Best Meme Coins to Watch in June 2025

10 Best Meme Coins to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in June 2025

11 Best Crypto Presales to Consider in June 2025

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

The 5 Best Bitcoin Mining Pools in 2025: Complete Guide

The 5 Best Bitcoin Mining Pools in 2025: Complete Guide

Join Our Newsletter
Become a CryptoPotato VIP
One Weekly Email Can Change Your Crypto Life.
Sign-up FREE to receive our extended weekly market update and coin analysis report
We NEVER send spam. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing!
Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top
One Daily Email Can Change Your Crypto Life.

Sign-up FREE to receive our extended daily market update and coin analysis report

We never send SPAM. You can unsubscribe at any moment
Invalid email address
Thanks for subscribing!