Morpho and Bitso Launch Onchain Peso Credit Markets in DeFi First

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The arrests occur amid rising US pressure on Mexico to crack down on cartel financing, including crypto. If Sheinbaum's government is forced to adopt stricter AML/KYC measures on crypto exchanges and remittances, it could reduce Mexican crypto adoption and liquidity. This adds to the global trend of tightening crypto regulation in emerging markets.

Two former top officials from Sinaloa state, both members of Mexico's Morena party, surrendered to US authorities over alleged ties to the Sinaloa cartel.