Central Bank of Mexico

Felix I. Lessambo ()
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Felix I. Lessambo: Fordham University

Chapter Chapter 20 in Fintech Regulation and Supervision Challenges within the Banking Industry, 2023, pp 245-254 from Palgrave Macmillan

Abstract: Abstract The Mexican government published the “Law to Regulate Financial Technology Institutions” or “FinTech Law” on March 9, 2018, which was reformed on May 20, 2021. The Fintech Law mainly regulates the rendering of financial services through technological platforms and innovative instruments, such as crowdfunding, electronic payment mechanisms, cryptocurrencies, and a regulatory sandbox for innovativeSandboxinnovation technologies in the financial sector. Mexico’s central bank has been reluctant to approve use of crypto and banned banks from taking crypto deposits. However, Mexico’s Law to Regulate Financial Technology Companies, enacted in March 2018, includes a chapter on operations with “virtual assets,” commonly known as cryptocurrencies.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-031-25428-4_20

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DOI: 10.1007/978-3-031-25428-4_20

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