The general director of Banco Azteca, Alejandro Valenzuela, affirmed this Wednesday that cryptocurrencies are changing the world and the reason why Ricardo Salinas Pliego, owner of the bank, wants to use bitcoin is to “be at the forefront.”
“Cryptocurrencies are going to continue to develop in a very important way and bitcoin is a phenomenon that tends towards a certain anarchy because it has no intermediaries,” said the bank’s general director in a meeting with Coparmex Mexico City.
Despite this, the manager said he understands the concern of financial authorities about the issue of volatility and stressed that bitcoin is an asset of “high sophistication.” Valenzuela also expressed concern that this cryptocurrency is used for “dark things.”
“The reality is that cryptocurrency is an issue that is regulated and banks are regulated. As long as Banco de México, the Ministry of Finance and the CNBV do not allow us to work with cryptocurrencies, we cannot (do it),” Valenzuela said.
Last Sunday, businessman Ricardo Salinas Pliego said that he was working so that his clients could operate with bitcoin and that he considered this asset as a good way to diversify the portfolio of any investor.
The following day, the Bank of Mexico (Banxico), the Ministry of Finance and the National Banking and Securities Commission (CNBV) said in a joint statement that no financial institution is authorized to offer cryptocurrency operations to the public.
The general director of Banco Azteca also highlighted the importance of vaccination in the country so that the economy begins a reactivation of the economy and to prevent the spread of the Delta variant.
Valenzuela estimated that it will be until 2022 when the population is fully inoculated, although he said there is a risk that there will be a new confinement. Regarding public policies to address the pandemic, Valenzuela said that they must start from the micro and not from the macro.
