The fintech sector is only going to expand and innovate faster and faster
n the case of México,
the Mexican Financial
Technology Compa-nies Regulation Law enacted in 2018, establishes the digital financial market as a virtual asset known as crypto-currency in which virtual assets are defined as value representations registered electronically and used by the public as a means of payment for all types of legal transactions, which can only be transferred electronically, In addition, it has enacted a law that extends the application of its money-laundering laws to virtual assets, requiring financial institutions providing services related to such assets to report transactions exceeding certain amounts, which gives the Central Bank of Mexico various powers to regulate the financial market for crypto-currencies.
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DEAL WITH BUSINESS