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30/11/18 07:00 UTC-4

The first Blockchain association formed in Mexico

First Blockchain Association in Mexico
First Blockchain Association in Mexico

In Mexico, the first BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
association was formed. One of the founders was Blockchain ConsenSys, Forbes Mexico reports on November 28th.

The remaining creators are: Bitso, Volabit, BIVA, GBM, Lvna Capital, ConsenSys and Exponent Capital. The goal of the organization is to educate citizens on the introduction of Blockchain technology and its potential use.

Felipe Vallejo, interim president of the Blockchain-association, said that "the goal is to create more transparent, safe and efficient procedures."

Also, the association is open to new members. The director of BIVA, Maria Ariza, said: "We want to create a platform for discussing public policy, so that everyone can offer their ideas."

The leaders of the cryptocurrency and Blockchain industries have created various associations to facilitate the introduction of technology and work with regulators to develop standards. On November 27, ten financial and technology firms created the Association for Digital Asset Markets (ADAM) to create a "code of conduct" for the cryptocurrency sector.

In September, a group of American Blockchain and crypto-companies, including Coinbase, announced the creation of a blockchain association based in Washington, DC. The association will represent the main companies that will operate in the political system. The priority task of the association will be to resolve policy issues and the handling of cryptocurrencies in accordance with US tax law.

Meanwhile, in September, the State Bank of Mexico (Banxico) announced that all cryptocurrency exchanges and banks providing crypto-services in Mexico would be required to obtain permission from the bank. To get it, a digital currency company must provide a detailed business plan describing their operations, the fees they plan to charge, and the mechanism they will use to verify the identity of customers.

Editor: Yuliya Soroka

See also: "FBI arrested CEO of AriseBank, accused of fraud in the amount of more than $ 4 million"

#blockchain #Mexico #ConsenSys

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