Peer-to-peer cryptocurrency exchange AirTM has raised $7 million it says it will use to expand in troubled Latin American economies.
A Mexican government announced a blockchain-based project intended to reduce corruption in bidding for government contracts.
Mexico is now just one step away from passing a law that will regulate fintech including cryptocurrencies in the country.
The upper chamber of Mexico's national legislature has approved a bill that would bring bitcoin exchanges under the oversight of the central bank.
Mexico's government is close to introducing legislation that would regulate fintech firms, including those that work with cryptocurrencies.
Mexican bitcoin exchange Bitso has been working with Canadian payments firm Paycase to create a new remittance corridor between the two countries.
Digital currency exchange Bitso has raised $2.5m in new funding.
Another Latin American e-tailer, Famsa, is now accepting bitcoin for online purchases.
Mexico's finance ministry has clarified its stance on bitcoin and placed a series of restrictions on transactions involving the digital currency.
A coffee shop located on the campus of Mexico's Universidad de las Américas Puebla is now accepting bitcoin.