Fun

Ricardo Salinas Pliego Hints at Elektra Group Selling Bitcoin in Its Stores

News Feed - 2022-02-10 04:02:47

Ricardo Salinas Pliego Hints at Elektra Group Selling Bitcoin in Its Stores


Ricardo Salinas Pliego, president of the Salinas Group, owner of the Elektra Group stores, hinted at the possibility of the shops selling bitcoin. The executive stated that due to the regulations of the Central Bank of Mexico, his company cannot implement cryptocurrency integration in the Azteca Bank app. However, he did point out that Elektra could sell bitcoin as it is a commercial institution. Ricardo Salinas Criticizes Mexico’s Crypto Regulations


Ricardo Salinas Pliego, one of the richest men in Mexico and president of the Salinas Group, mentioned the possibility of selling bitcoin in his popular Elektra Group department stores. The remarks were made in a recent Tiktok video, where Salinas commented about the difficulties of including bitcoin in different services due to the regulations of the Bank Of Mexico. On this, Salinas stated:


The issue with the Banco Azteca app is that the regulatory pundits won’t let us, the Bank of Mexico won’t let us, but they’re all of them. The Ministry of Finance, the National Banking Commission… the government officials won’t let us.


Salinas further explained that bitcoin is not liked by these institutions, and they are bound to comply with the laws until regulations change. An Open Possibility in Elektra Stores


Later in the clip, Salinas stated that stores of the Elektra Group could sell bitcoin as merchandise. This is because they are not under banking regulations, and don’t have to protect the money of their investors. The executive clarified:


Elektra, being a commercial entity, is not regulated by banking authorities, it does not collect money and it does not have that problem of having to protect people’s deposits. Elektra can sell bitcoin as any merchandise, as it was a bike or a phone.


Salinas Pliego has been a supporter of bitcoin since long ago. The executive recommended buying bitcoin last June, where he stated the asset had extraordinary properties. At the same time, he informed that his bank, Banco Azteca, was working to be the first financial institution in Mexico to take and offer financial services in bitcoin. However, the Finance Minister of Mexico, Arturo Herrera, quickly answered these intentions, clarifying that the use of cryptocurrencies was not allowed under the current regulations of the Mexican financial system. Tags in this story banco azteca, Bitcoin, elektra group, Mexico, ricardo salinas, sales


What do you think about the statements of Ricardo Salinas Pliego hinting at the possibility of selling bitcoin in Elektra Group stores? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Luxury Auction House Sotheby"s Plans to Auction 104 Cryptopunks Worth an Estimated $20M NEWS | 11 hours ago Opensea"s All-Time NFT Sales Volume Crosses $20 Billion NEWS | 17 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleAmbrosus Core Launches a $10 Million Developer Grant to Scale Its Open-Source Blockchain Ecosystem Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItBlockchain and Cryptocurrency Is "Here to Stay and Impossible to Regulate at Large" — CEO of a United Arab Emirates Based Bank


According to the chief executive officer (CEO) of the United Arab Emirates-based financial institution, Bank of Sharjah, blockchain and cryptocurrencies are not only difficult to regulate but are also here to stay. Despite this prediction, the CEO admits that many ... read more.Nobel Laureate Paul Krugman Likens Crypto Market to Subprime Mortgage Crash — Warns Regulators Are Making the Same Mistake Russians Aware of Bitcoin Divided on Proposed Crypto Ban, Poll Finds Goldman Sachs Warns Bitcoin Increasingly Vulnerable to Fed Rate Hikes as Mainstream Adoption Grows Ubisoft Executive Thinks Players Reject NFTs Because They Don"t Understand Benefits

News Feed

Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report
Arijit Sarkar10 hours agoSantander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: ReportAn unconfirmed report suggests Taurus will provide crypto custodial services to Spanish financial services giant Banc
Amaka Nwaokocha13 hours agoNigeria’s 3MTT program draws 1M+ applicants, introduces AI courseThe course will evolve in three stages, according to the government’s disclosed implementation strategy.1380 Total views8 To
A Mysterious Airdrop Called EIDOS Is Clogging EOS to Make a Point
EOS has been clogged up by a giant airdrop for a token called EIDOS – and it’s not clear the token is even good for anything. In fact, it seems as though the people behind t
Everything Wrong With the Call of Duty: Modern Warfare Beta
Call of Duty: Modern Warfare needs a polish before it"s release. | Source: ActivisionThe Call of Duty: Modern Warfare PlayStation 4 open beta landed earlier this week, and now that
Indian Police Seize $3 Million in Bitcoin from Sh**ty Bitconnect Scammers
Property worth over Rs 38 Crore ($5.5 million) has been seized in the Indian state of Gujarati from promoters of the Bitconnect cryptocurrency scam. According to the Times of India, the property includes 280 Bitcoins whi
John McAfee Arrested, Indicted for $23 Million Illegal Crypto Pumping and Tax Evasion in US
John McAfee Arrested, Indicted for $23 Million Illegal Crypto Pumping and Tax Evasion in USJohn McAfee has been arrested and indicted for tax evasion, the U.S. Department of Justice
Crypto traders bet $2.4M on spot Ether ETF decision
Ezra Reguerra13 hours agoCrypto traders bet $2.4M on spot Ether ETF decisionOnly 19% of gamblers betting on the outcome of a decision on whether to approve or deny spot Ether ETFs by the U.S. SEC are putting their money
Binance exec legal battle escalates amid US-Nigeria tug of war
Amaka Nwaokocha1 hour agoBinance exec legal battle escalates amid US-Nigeria tug of warIn a statement to the press, Gambaryan’s wife expressed her confusion about why the Economic and Financial Crimes Commission will n
Marcel Pechman4 hours agoBitcoin price drops its early week gains — Here is whyBitcoin price gave up its recent gains as concerning signals from the US economy continue to weigh on investor sentiment.3261 Total views76
Tom Blackstone5 hours agoCryptoPunk holders offered physical versions of their NFTs for 48 hoursOnline art store Avante Art is offering print copies of CryptoPunks for the next 48 hours through a partnership with CryptoP
Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked
Despite Trust Model Debates, Ethereum Is Bitcoin"s Largest Sidechain by Total Value LockedThe Ethereum network now has more bitcoin held in reserves than the Lightning Network, acco
OKX cracks down on Tornado Cash users with account terminations
Amaka Nwaokocha1 hour agoOKX cracks down on Tornado Cash users with account terminationsAs the crypto industry expands, exchanges like OKX face mounting pressure to strengthen compliance and prevent illicit activities on