According to Bloomberg, the Central Bank of Mexico (Banxico) released a report on Wednesday stating that it will continue to maintain a "healthy distance" between the domestic traditional financial system and digital assets. The report emphasizes that the central bank is closely monitoring the crypto market to prevent potential risks from affecting financial stability. Banxico pointed out that despite the recent introduction of new regulations in the United States and the European Union (including the US GENIUS Act and the EU's MiCA framework), which aim to allow broader use of stablecoins while controlling risks, Mexico will remain cautious and conservative in its approach.
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According to Bloomberg, the Central Bank of Mexico (Banxico) released a report on Wednesday stating that it will continue to maintain a "healthy distance" between the domestic traditional financial system and digital assets. The report emphasizes that the central bank is closely monitoring the crypto market to prevent potential risks from affecting financial stability. Banxico pointed out that despite the recent introduction of new regulations in the United States and the European Union (including the US GENIUS Act and the EU's MiCA framework), which aim to allow broader use of stablecoins while controlling risks, Mexico will remain cautious and conservative in its approach.