Mexico's ruling party member Claudia Sheinbaum was elected president, and the country's crypto policy may continue

According to multiple media reports including The New York Times, former Mexico City Mayor Claudia Sheinbaum has been elected President of Mexico, becoming the first woman to serve as the country's president. This result suggests that Mexico's cryptocurrency policy may continue, as Sheinbaum is from the ruling Morena Party. Under the constitution, her predecessor, Andres Manuel Lopez Obrador, cannot run again. Despite barely mentioning cryptocurrencies in Mexico's biggest election to date, Sheinbaum has aligned herself with Obrador's policies. The Morena Party has not proposed any comprehensive legislation for the crypto industry, although it imposes a 20% tax on crypto gains, and other policies and regulations include requiring cryptocurrency exchanges to register in accordance with global requirements for anti-money laundering and terrorist financing. The party also reflected a focus on the regulation of blockchain to make the technology and ecosystem more secure. (CoinDesk)