Mexico’s Central Bank to Launch Digital Currency by 2024

Mexico’s central bank will have its digital currency by 2024, the Mexican government announced on social media, although the development was not confirmed by the monetary authority, known locally as Banxico. “Banxico reports that it will have its own digital currency in circulation by 2024,” the Mexican government wrote late on Wednesday on its official Twitter account.

The post said the central bank “considers that these new technologies and the latest payment infrastructure are very important as valuable options to advance financial inclusion in the country.”