Mexico bans crypto at banks after billionaire promotes bitcoin

Mexico’s central bank has warned the country’s banks that cryptocurrencies are off-limits — a day after bitcoin got a plug from one of the country’s most powerful billionaires.

“This country’s financial institutions are not authorized to conduct or offer to the public transactions with virtual assets like Bitcoin,” the Bank of Mexico said in a statement on Monday.  “Whoever issues or offers such instruments will be held responsible for violating those rules and will be subject to the applicable sanctions,” the bank added.