Moneda digital del banco central (MDBC)

Main motivation/goals of the CBDC: During a presentation to the Mexican Senate, the Governor said the first goal of its CBDC will be financial inclusion. It also wants to provide more fast payments options and ensure the economy is efficient and interoperable. The Governor said she’s also keen to enable programmable money and promote innovation. → The asset, which is expected to be launched in 2024, will allow opening accounts to contribute to financial inclusion in the country.

Main motivation/goals of the CBDC: Financial Inclusion → During a presentation to the Mexican Senate, the Governor said the first goal of its CBDC will be financial inclusion. It also wants to provide more fast payments options and ensure the economy is efficient and interoperable. The Governor said she’s also keen to enable programmable money and promote innovation.

Link to announcement: www.ledgerinsights.com

None → Research

Announcement Year: 2021

Retail/Wholesale: Retail

Description: Banco de México will start analyzing incorporation the digital alternative of currency

Main motivation/goals of the CBDC: Financial Inclusion

Link to announcement: www.independentespanol.com

Country / Region: Mexico

Central Bank(s): Banco de México