{"id":11926,"date":"2021-09-10T11:16:19","date_gmt":"2021-09-10T15:16:19","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=11926"},"modified":"2021-09-13T11:34:26","modified_gmt":"2021-09-13T15:34:26","slug":"mexico-central-bank-declares-bitcoin-is-barter","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/mexico-central-bank-declares-bitcoin-is-barter\/","title":{"rendered":"Mexico Central Bank Declares Bitcoin is Barter"},"content":{"rendered":"\n<p>Bank of Mexico Governor Alejandro Diaz De Leon sees Bitcoin as a medium of barter than an &#8220;evolved&#8221; fiat currency, calling it a high-risk investment.<\/p>\n\n\n\n<p>De Leon&#8217;s comments suggest that Mexico would not follow in El Salvador&#8217;s footsteps in adopting the digital currency as legal tender anytime soon.<\/p>\n\n\n\n<p>The Governor of Banxico explained that in order for a cryptocurrency to be considered money, it must be a reliable and stable payment method. He also said that Bitcoin urgently needs to protect its value and pointed out  that the value of cryptocurrencies often dramatically day-to-day.<\/p>\n\n\n\n<p>El Salvador&#8217;s unprecedented adoption of bitcoin as legal tender earlier this week has been plagued by problems that have contributed to high levels of volatility in the digital currency worldwide.<\/p>\n\n\n<p>For more information view the <a href=\"https:\/\/www.reuters.com\/technology\/bitcoin-is-barter-not-money-mexico-central-bank-chief-says-2021-09-09\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> from Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bank of Mexico Governor Alejandro Diaz De Leon sees Bitcoin as a medium of barter than an &#8220;evolved&#8221; fiat currency, calling it a high-risk investment.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[124],"class_list":["post-11926","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=11926"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11926\/revisions"}],"predecessor-version":[{"id":11948,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11926\/revisions\/11948"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=11926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=11926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=11926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}