The draft seen by Mr. Espejo “proposes measures to regulate companies operating with virtual currencies like bitcoin, although it does not provide much detail. The central bank would be tasked with refereeing such operations, the document says.”
Sounds like they are also looking into regulating exchanges, since they're pretty much the only companies operating with virtual currencies at this point. It's also interesting how the central bank would be doing the refereeing. Would they be fair?
Proposed threats, the theory goes, by its neighbor to the north’s present executive administration, to tax Mexican remittances specifically, have hastened the search for other avenues of transfer.
So the reason for the regulation, basically, is that they fear that a fraction of the remittance by their overseas workers will be done through Bitcoins to avoid the proposed US taxes. Not being able to tax that fraction would be a blow to their economy. I guess it's a legitimate concern since Bitcoin can, and is being used to dance around regulations and taxes.
