The Mexican fintech industry is in discussions with regulators about the new version of the Fintech Law (Fintech Law 2.0), aiming to update the existing regulatory framework implemented in 2018 and establish clearer regulatory rules for digital assets, open finance, and new financial business models. Industry insiders say that the current regulations are no longer able to keep up with the pace of fintech innovation and hope to promote more efficient approval processes and clearer regulatory standards. Currently, there are over 1,000 fintech companies in Mexico. (La Política Online)

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FoldedCosmosCat
· 4h ago
If the approval process can be simplified, the entry cost for small and medium teams will be much lower. Looking forward to the detailed rules.
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CyberBridgeDeepPerspective
· 6h ago
Industry insiders are right; the pace of innovation far exceeds old methods' expectations, and updating the framework is a necessity.
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L2Mailman
· 6h ago
Finally, version 2.0 is here. The old framework from 2018 indeed can't keep up with the current pace of DeFi and open finance. Mexico's approach this time is quite sensible.
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NonceWhisperer
· 6h ago
Don't just focus on legislation; don't delay on the enforcement side either. Everyone who understands Latin America's efficiency knows this.
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DewdropSapling
· 6h ago
Including crypto assets under regulation is a good thing, but don't be too rigid; balance is very important.
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BearMarketInAPaperCup
· 6h ago
Including Open Finance in the legislation is key; data interoperability is essential for true innovation.
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