The first blockchain association in Mexico was formed, its founding members included industry players like the blockchain software company ConsenSys, Forbes Mexico reported on November 28th.
The Blockchain Association of Mexico was founded by Bitso, Volabit, BIVA, GBM, Lvna Capital, ConsenSys and Exponent Capital. The goal of the organization is to educate citizens in the development of technology and its potential applications.
Reportedly, the association intends to develop standards and practices before the technology becomes mainstream. Felipe Vallejo, interim president of the Blockchain Association said that "[blockchain] technology has the goal of creating more transparent, secure and efficient procedures ".
The association is supposedly open for new members. The director of BIVA, María Ariza, said: "We want to create a space for discussion and public policy, we want everyone to be able to present their ideas".
The leaders of the cryptocurrency and blockchain industry have launched various associations to facilitate the adoption of technologies and collaborate with regulators to develop global standards. On November 27th, ten finance and technology companies established the Digital Goods Market Association (ADAM) to create a "code of conduct" for the cryptocurrency sector.
In September, a group of blockchain and crypto companies based in the United States, including the Coinbase cryptographic exchange, announced the establishment of the Blockchain Association based in Washington DC. The association is meant to represent traditional companies that seek to operate within the political system, mainly addressing policy issues and the processing of cryptocurrency from US tax law.
Meanwhile, in September, the state-supported Bank of Mexico (Banxico) announced that all cryptographic offices and banks providing cryptographic services in Mexico will be obliged to receive a permit from the bank. To obtain one, a company that deals with digital currencies must provide a detailed business plan complete with a description of their operations, the commissions they intend to charge, and the mechanism it will use to verify the customer's identity.