Mexico’s Crypto Policy Expected to Continue as Claudia Sheinbaum Elected First Female President

cryptonews.com:

Claudia Sheinbaum, former mayor of Mexico City, has been elected as the first female president of Mexico. She is anticipated to maintain the current administration’s approach to crypto regulation.

This election is expected to continue Mexico’s current crypto policies, as Sheinbaum is a member of the ruling Morena party and aligns with the policies of her predecessor, Andres Manuel Lopez Obrador.

According to multiple reports, including The New York Times, Claudia Sheinbaum, former mayor of Mexico City, has been elected as the first female president of Mexico.

Sheinbaum, a close ally of the outgoing president, Andrés Manuel López Obrador, is anticipated to maintain the current administration’s approach to cryptocurrency regulation. She has closely aligned herself with Obrador’s policies, though crypto was scarcely mentioned in one of Mexico’s most significant elections.

Sheinbaum’s victory also marks a significant milestone for gender equality in Mexico and signals a degree of continuity in policy direction. The current administration is focused on fostering innovation while ensuring robust regulatory frameworks to prevent misuse.

Although the Morena party has not introduced comprehensive legislation for the crypto sector, it has imposed a 20% tax on crypto gains. Additionally, existing policies require cryptocurrency exchanges to comply with global anti-money laundering and terror financing regulations. The party has also shown interest in regulating blockchain technology to enhance its security and ecosystem.

It’s uncertain if recent crypto-related developments in the United States during Mexico’s election campaigns will prompt the Morena party to rethink its cautious approach to crypto policy. As the largest