Mexico Plans to Issue a CBDC by 2024, Government Confirms

Mexico Plans to Issue a CBDC by 2024, Government Confirms
The Central Bank of Mexico (Banxico) plans to launch a CBDC by 2024, the Mexican government confirmed in a tweet on Wednesday evening.According to the tweet, which was written in Spanish, Banxico “will have a digital currency of its own in circulation” by 2024 as it considers of “utmost importance these new technologies and state-of-the-art payment infrastructure as options of great value to advance financial inclusion in the country.”Banxico plans to have its CBDC in place “by the end of 2024, at the latest,” Banxico’s Deputy Governor, Jonathan Heath, said in a recent video conference organized by S&P, Mexican publication…