Amero-Isatek to Open a Physical Crypto Exchange in Mexico

Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term company Amero-Isatek has announced that it is going to open a physical cryptocurrency exchange in Monterrey, Mexico, on June 21.

As reported by Coindesk, the company is also planning to expand its reach in the country by opening seven more similar exchange stations.

The firm is taking advantage of the country’s regulatory “sandbox” scheme which allows new fintech business to operate in the country from a physical location.

A market with great potential

According to the company’s estimation, it will provide services to around 800,000 digital asset traders in the region. In addition, it is also going to launch its proprietary digital asset called Amero on the same day.

Apart from Monterrey, the Mexican crypto exchange will provide trading services in seven other states as well - Queretáro, Sinaloa, Quintana Roo, Jalisco, Baja California Sur, and Yucatán.

“Today there are no physical exchanges in Mexico and we are going to open them,” Alfonso Jiménez, CEO of Amero-Isatek, told the publication. He earlier revealed that the exchange is trying to comply with the regulatory rules of the Bank of Mexico and other international organizations.

A backup plan

Amero-Isatek is also planning to expand its operations in the international markets and is already in the process of acquiring two licensed Estonian crypto exchanges - Invest Global and Global XVC.

The acquisition in the crypto friendly jurisdiction will also help the company to continue its operations in case of any sudden crackdown on crypto by the Mexican government.

Earlier this year, Finance Magnates reported about the plan of the Bank of Mexico to bring a regressive crypto Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term which will affect the country’s massive remittance industry.

“Whatever it happens with the Fintech Law in Mexico, under Banxico’s dispositions, we’ll be able to operate legally worldwide with a financial base from Estonia,” Jiménez added.