Mexico Passes Law Regulating Fintech Sector, Including Bitcoin, ICOs

Mexico is about to regulate the financial technology sector, but details won’t be ironed out for several months

Fri, 03/02/2018 - 17:51

Mexico Passes Law Regulating Fintech Sector, Including Bitcoin, ICOs

Cover image via U.Today

Mexico has passed a bill aimed at regulating the fintech industry, and it now needs only the signature of President Nieto to become law. The law will regulate cryptocurrency and ICO activities, and according to Reuters, is intended to “promote financial stability and prevent money laundering.” Key details of its implementation are yet to be hammered out. Over the following months, secondary laws will be created to flesh out the details of the new legislation. Because of this, it’s uncertain how the new law will affect the crypto market.

About the author

David Dinkins

David Dinkins is a freelance writer who holds a Master of Arts in history from Louisiana Tech University and has extensive teaching experience both at LSU – Shreveport and University of Phoenix. He got involved with cryptocurrency in early 2014 working as part of the Dash Core Team and have served in the role of writer/editor (mostly editor) during that time. He has edited a huge number of documents for the Core Team, including the Evolution whitepaper, the PrivateSend whitepaper, and many of Evan Duffield’s communications with the Dash Community.