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The Mexican fintech industry is in discussions with regulators about the new version of the Fintech Law 2.0 (“Fintech Law 2.0”), with the aim of updating the current regulatory framework implemented in 2018 and establishing clearer regulatory rules for crypto assets, open finance (Open Finance), and new financial business model types. Industry insiders say that the existing regulations are now difficult to adapt to the pace of fintech innovation, and hope to push for a more efficient approval process and clearer regulatory standards. The number of Mexican fintech companies currently exceeds 1,000. (La Política Online)