According to a report from Reuters, Mexican officials have drafted a legislative proposal that would regulate the country’s FinTech industry. President Enrique Pena Nieto has said that the proposed bill will be introduced in the Mexican Senate by September 20. The draft language recognizes the important contribution that the financial technology sector makes to the nation’s economy, and stresses the need for regulatory action:
A Columbus GA medical clinic announced this week that it will now accept Bitcoin as payment for services. In a press release announcing the decision, the clinic referred to the digital currency as a “completely independent money system” and praised its lack of restrictions, outside controls, and hidden fees. The announcement claims that the center will be among the first in its area to accept the world’s most well-known digital currency.
Nebraska attorneys who have been wondering whether they can ethically accept Bitcoin from their clients received an answer this week from the state’s Lawyers Advisory Committee. In an opinion dated September 11, the eight-person ethics panel ruled that the state’s lawyers can accept Bitcoin and other cryptocurrencies without raising ethical concerns, if they take certain precautions.
BTC China has announced that it will no longer provide a platform for digital currency trading, effective September 30, 2017, and has already moved to halt new account registrations. The news comes as statements from unnamed official sources indicate that Chinese regulators have started to deliver shutdown directives to the country’s cryptocurrency exchanges.
As the United States and the international community continue their efforts to isolate North Korea by tightening the existing sanctions regime, recent reports suggest that the country’s government may be pursuing alternative means for financing its nuclear goals. CNBC and CNN recently reported on intelligence indicating that the rogue nation is increasingly focused on mining and stealing Bitcoin.