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Claudia Sheinbaum Elected As Mexico's First Female President, Cryptocurrency Policies Expected To Continue

03/06/2024 17:13

According to Odaily, Claudia Sheinbaum, the former mayor of Mexico City, has been elected as the President of Mexico, making history as the first woman to hold this position. This development suggests that Mexico's cryptocurrency policies are likely to continue under her leadership, as Sheinbaum is a member of the ruling Morena party. Her predecessor, Andres Manuel Lopez Obrador, was constitutionally barred from running for re-election. Despite the fact that cryptocurrency was hardly mentioned in what has been Mexico's largest election to date, Sheinbaum has consistently aligned with Obrador's policies. The Morena party has not proposed any comprehensive legislation for the cryptocurrency industry, although it does levy a 20% tax on cryptocurrency profits. Other policies and regulations include requiring cryptocurrency exchanges to register in accordance with global anti-money laundering and counter-terrorism financing requirements. The party has also reflected a focus on blockchain regulation, aiming to make the technology and ecosystem safer. This suggests that under Sheinbaum's leadership, Mexico's approach to cryptocurrency and blockchain technology is likely to remain consistent with the policies of the previous administration.

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