Another Bitcoin Automated Teller Machine (ATM) has apparently been installed in Mexico City, this time in the Senate building. Some local leaders, like Miguel ngel Mancera, were reportedly behind the action.
<h2><strong>Bitcoin ATM at the Senate’s Front Door</strong></h2>
According to local reports, the Mexican government built the 14th Bitcoin ATM in the Senate building in Mexico City, indicating that the digital asset will be used again in the future. Cancn, Tijuana, Guadalajara, and Culiacán are among the cities with the remaining 13 such devices.

It's worth mentioning that the move was pushed through by certain well-known Mexican leaders. Miguel Angel Mancera, the past mayor of Mexico City, is one of them. He believes bitcoin has established itself as a viable alternative to major payment networks like PayPal and Visa, and that it is on its way to becoming mainstream:
<blockquote><em>“I think it has already reached a point, as we would say of evolution, a boiling point, where it reaches us all.”</em></blockquote>
Indira Kempis, a Mexican senator and a proponent of the bitcoin industry, promoted the idea on Twitter. She proclaimed the well-known phrase "to the moon" as she stood close to the ATM.

Following that, Ricardo Monreal, President of the Senate's Political Coordination Board, suggested that Mexico's government should embrace the crypto industry and create a regulatory framework. Other Central and South American countries, such as Panama, Argentina, Brazil, and Peru, have already joined the bandwagon, he noted. As a result, Mexico should follow suit in order to avoid falling behind in this area.
<h2><strong>Is Bitcoin Close to Becoming a Legal Tender in Mexico?</strong></h2>
Senator Kempis announced in February that he will fight for legislation to make Mexico the second country, after El Salvador, to recognize bitcoin as a legal tender.
<blockquote><em> “We need bitcoin to be legal tender in Mexico because if it is not so if we do not make that decision as El Salvador did, it is very difficult to take action,”</em> she said at the time.</blockquote>
She also stressed the importance of such legislation, citing the fact that millions of Mexicans lack access to fundamental financial services, and that cryptocurrency may be a viable alternative.

Kempis submitted a measure centered on digital assets over two weeks ago. It was not, however, intended to make BTC legal tender. Instead, she went against CBDCs, claiming that "only the central bank" in Mexico could issue a digital currency.

Mexico City’s Senate Building Now Has a Bitcoin ATM: Report

According to local reports, the Mexican government built the 14th Bitcoin ATM in the Senate building in Mexico City, indicating that the digital asset will be used again in the future.

Prabhjeet Bhatla is a cryptocurrency writer covering startups and a researcher since 2020. She has authored many articles for Entrepreneur India and APAC (digital and print) on cryptocurrency and ever-evolving Blockchain, the technology behind Bitcoin, and other cryptocurrencies. She specializes in applied cryptography, privacy-enhanced information storage systems, anonymous cryptocurrencies, elliptic curve crypto-systems, and satellite television piracy.

Mexico City’s Senate Building Now Has a Bitcoin ATM: Report

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