La comisión de Hacienda y Crédito Público de la Cámara de Diputados aprobó un dictamen para permitir que el Pleno analice la iniciativa presidencial para la expedición de la Ley de Economía Digital para Pagos Digitales y Electrónicos, según se señala. Submitted to the committee on September 8 as part of the 2027 Economic Package, the legislative initiative aims to use existing digital infrastructure to systematically reduce cash transactions across the country.
Tax Authorities Target Strategic Sectors for Cash Bans
The legislation grants sweeping new powers to tax authorities to administratively determine specific strategic sectors and relevant economic activities where digital payments will gradually become the sole legal method for extinguishing financial obligations. While the bill introduces digital identity tools such as a digital CURP and a Citizen Digital File as mandatory prerequisites for remote financial commerce, its core mechanism targets the complete phase-out of physical currency in designated commercial sectors.
Constitutional Conflicts and Precedents at the Supreme Court
Article 28 of the Constitution establishes that the central bank’s priority is preserving the purchasing power of the national currency, while Article 7 of the Monetary Law mandates that payment obligations be settled using Bank of Mexico banknotes or coins. The legislative push also contrasts with legal precedents such as Action of Unconstitutionality 13/2017, where the Supreme Court struck down a Colima mobility law provision that banned cash payments in public transport because the restriction damaged free market competition.
Swiss Referendum Highlights Diverging Global Standards
The legislative direction in Mexico diverges sharply from recent democratic actions in major international financial markets. On March 8, voters and cantons in Switzerland approved a federal referendum amending Article 99 of the Swiss Federal Constitution to mandate that the Swiss National Bank guarantee a secure and sufficient supply of physical cash.