Kempis proposed a central bank digital currency (CBDC) last year, which now also includes the acceptance of bitcoin as legal tender.
Initially, there was not much opposition to this bill, Kempis said Decrypt, “because no one really understood Bitcoin”.
The situation is changing: it is now receiving both positive and negative attention. That said, she says that even rejecting opponents still means “we are moving the system.”
Members of Congress and their teams started asking more questions on the topic after a Bitcoin AT M was installed inside the Mexican Senate.
Kempis said a heat map showing where lawmakers across the country stand on the bill would be helpful because it “looks for clear positions.”
She said she wanted to communicate to the public whether or not her representatives were interested in this new industry.
Indira Kempis Martínez is a Mexican Citizen Movement politician and senator from the state of Nuevo León since September 2018.
She is well known in the cryptosphere due to her long-standing vocal support of the crypto and blockchain industry and the opportunity Mexico could gain from its rapid adoption.
Although she initially didn’t understand Bitcoin, she said she learned about the obstacles faced by entrepreneurs and decided to explore this type of innovation further.
The senator became a defender of “the path to creative alternatives”, thus opening the debate within the legislative branch.
Then, last year, she introduced the bill mentioned above. At the time, he focused on creating a CBDC and did not mention BTC. The bill was later amended to include crypto.
This, she told Decrypt, “was a necessary step to open the discussion” – just a first step in a pragmatic approach that would eventually lead to establishing the legal framework for Mexico to adopt bitcoin as legal tender.
While the topic is gaining attention and the bill is being discussed, Kempis said there is still a long way to go.
The central Bank of Mexico is an essential element of the legislative process. Yet its former governor was a critic of Bitcoin, while the current governor remains silent on the subject.
The Mexican Senate has asked the bank to provide a formal analysis and position, but it has not yet done so.
Kempis expects Mexico to see its digital peso in 2024.
Finally, the senator argued that one of the roles of the legislative branch is to provide “a dose” of education, encourage debate and establish comprehensive regulations, adding: “If El Salvador could do it, surely we can too.
In late August, Kempis announced her intention to become Mexico’s first female presidential candidate in 2024.