29 Sep '15, 3am

There Is No Bitcoin Ban In Mexico - Inside Bitcoins

There Is No Bitcoin Ban In Mexico - Inside Bitcoins

A recent article from the media site El Universal has incorrectly espoused that Bitcoin is now banned in Mexico per a recent decision by the Mexican Tax Administration Services (SAT). The Mexican SAT, the equivalent of the United States IRS, has not banned Bitcoin. Instead, it has merely clarified that the existing bans on large transactions using cash (heinous in and of themselves), also apply to Bitcoin. Also read: Snoop Dogg Learns One Reason Why Bitcoin Is Better Than Cash: Civil Forfeiture Bitcoin Is Not Banned In Mexico Influential blogger Victor Hernández wrote a post to counter the El Universal piece and clarify that Bitcoin is not banned in Mexico. Bitcoin is still allowed for online transactions; you can still use Bitcoin to pay at a restaurant in Mexico City. Transactions that are “vulnerable” to money laundering have long been under the watchful eye of the Mexi...

Full article: http://insidebitcoins.com/news/there-is-no-bitcoin-ban-in...

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