The financial technology industry in Mexico has been thriving
over the last few years, and the regulation that has
followed seeks to continue this innovative trend,
while protecting the financial system and its users from
any potential risks associated with these new
technologies.
The Mexican Financial Technology Institutions Law (Fintech Law)
was published on March 9 2018, in order to build a regulatory
framework around the development of innovative financial services
and the operation of virtual assets (such as cryptocurrency). The
Fintech Law was intended to increase the level of competition and
financial inclusion, as well as protecting the wellbeing of
innovative financial services consumers, in order to put Mexico at
the forefront of the industry.
