Bitcoin is barter, not money, Mexico central bank chief says

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Mexico's Central Bank Governor Alejandro Diaz de Leon Carrillo called Bitcoin a high-risk investment and a poor store of value.

FILE PHOTO: Mexico's Central Bank Governor Alejandro Diaz de Leon Carrillo speaks during the presentation of the national financial inclusion policy, in the Interactive Museum of Economics in Mexico City

Bank of Mexico Governor Alejandro Diaz de Leon's comments suggest Mexico will not be following El Salvador any time soon in adopting the digital currency as parallel legal tender. "In our times, money has evolved to be fiat money issued by central banks," he said. "Bitcoin is more like a dimension of precious metals than daily legal tender."

 

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