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The Mexican fintech industry is discussing the new version of the Fintech Law (Fintech Law 2.0) with regulatory agencies, 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)