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.
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.
Bitso has closed a seed funding round led by the Barry Silbert-backed investment fund Bitcoin Opportunity Corp.
Mexican bitcoin exchange Bitso has acquired competitor Unisend Mexico in an attempt to consolidate its market share in the region.