Mexico announced a bill saying "Bitcoin is officially viewed as a digital asset to Mexican exchanges"
https://news.bitcoin.com/mexico-bill-bitcoin-game-changer/?utm_source=dlvr.it&utm_medium=twitter
Will this designation improve or hinder bitcoin's growth in the long run?
It is a good publication for bitcoin but some may not accept it or even oppose it, maybe in the long run it may but people are afraid of changes once in a while.https://news.bitcoin.com/mexico-bill-bitcoin-game-changer/?utm_source=dlvr.it&utm_medium=twitter
Will this designation improve or hinder bitcoin's growth in the long run?
Until the day that every country can just accept it for it is then I am afraid bitcoin will never come in being recognized as a true currency that it should be.
Do not ever believe it when a news article states that a country has banned Bitcoin. Most people do not verify it because they do not speak the native language.
Every time I have checked into one of these "X country just banned Bitcoin!", it is usually the central bank making a statement that they will not allow Bitcoin on their system. It's like saying that Burger King burgers are banned because the CEO of McDonalds releases a statement saying that no Burger King burgers will be sold by McDonalds. Then McDonalds goes on to warn about the risk you are taking by eating a Burger King burger.
Sure, some central banks have a tighter hold on their country's government than others but there is never a ban. If you go on localbitcoins you can buy/sell in every country in the world except Germany. And that is only because Germany declared Bitcoin a "private money". But in so doing, they tied all of their regulations to money to Bitcoin which included having a license to run an exchange (and they considered localbitcoins an exchange).
And I didn't see this on the news. It was mentioned on here by another member. So this is were I first heard of it. And I was also in a questionable sense when I heard of this.