Mexico’s central bank has found that the country’s financial system remains resilient and stable despite the challenges posed by the complex global economic landscape. In a recent financial stability report, the Bank of Mexico (Banxico) highlighted the robust position of the country’s banking system, emphasizing its...
The Bank of Mexico wants to have its own digital currency circulating sometime in the next two years, in an effort to foster financial inclusion in a cash-heavy country, according to published reports. The president of Mexico’s central bank, Andrés Manuel López Obrador, said on...
The immediate danger has passed – but the threat is still there. That was the message on Wednesday (May 30) from Alejandro Diaz de Leon Carrillo, governor of the Bank of Mexico. According to Reuters, he said that “no further cyberattacks on banks had been...
April 03, 2024
Tokenization is gaining momentum on the global stage, and with commercial applications. The Bank for International Settlements announced Wednesday (April 3) that it is working in tandem with seven central banks — including the Federal Reserve Bank of New York — to test tokenization in a bid to improve cross-border payments. In addition, Project Agorá, as the initiative is known, will […]
December 06, 2023
Mexico’s central bank has found that the country’s financial system remains resilient and stable despite the challenges posed by the complex global economic landscape. In a recent financial stability report, the Bank of Mexico (Banxico) highlighted the robust position of the country’s banking system, emphasizing its ability to withstand stress and maintain liquidity, Reuters reported Wednesday (Dec. 6). […]
January 03, 2022
The Bank of Mexico wants to have its own digital currency circulating sometime in the next two years, in an effort to foster financial inclusion in a cash-heavy country, according...
May 31, 2018
The immediate danger has passed – but the threat is still there. That was the message on Wednesday (May 30) from Alejandro Diaz de Leon Carrillo, governor of the Bank...
