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The Rise of Cryptocurrencies in Latin America: Interview with Ishan Pandey. Mexico is embracing cryptocurrency at a very rapid pace with 400,000 active trading accounts. Mexico controls exchanges to a certain extent: the Financial Services Firms Act applies the anti-money laundering (AML) regulations to cryptocurrencies by licensing and monitoring provisions. Mexico, Argentina, Brazil, Venezuela, Chile, and Chile, cryptocurrencies are widely adopted as payment by traders and traders. People in Mexico have lost trust in centralized systems as they are susceptible to corruption, and that is why Bitcoin and cryptocurrencies are a revolution.