Bitcoin is barter, not money, Mexico central bank chief says


FILE PHOTO: Mexico's Central Bank Governor Alejandro Diaz de Leon Carrillo speaks during the presentation of the national financial inclusion policy, in the Interactive Museum of Economics (MIDE) in Mexico City, Mexico March 11, 2020. REUTERS/Luisa Gonzalez/File Photo

MEXICO CITY (Reuters) - Bitcoin is more like a means of barter than "evolved" fiat money, Mexico's central back chief said on Thursday, calling it a high-risk investment and a poor store of value.

Bank of Mexico Governor Alejandro Diaz de Leon's comments suggest Mexico will not be following El Salvador any time soon in adopting the digital currency as parallel legal tender.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Musk seeks up to $134 billion from OpenAI, Microsoft in 'wrongful gains'
EU to bar Chinese suppliers from critical infrastructure, FT reports
South Korea says US chip tariff to have limited immediate impact
Gmail users must make major decision regarding new AI features in their email
This tech startup is cutting through the noise at CES by railing against 'upgrade culture'
Internet gaming disorder: New book by US psychiatrists helps spot addiction
Report: AI used to generate thousands more child abuse videos in 2025
California demands Elon Musk's xAI stop producing sexual deepfake content
US FTC to scrutinize Big Tech's talent acquisition deals, Bloomberg News reports
Google asks US judge to defer order forcing it to share data while it appeals

Others Also Read