Mexico:
The Financial Technology Institutions Law (Ley de Instituciones de Tecnología Financiera) ("Fintech Law") Is Published In The Federal Official Gazette (Diario Oficial de la Federación)
13 March 2018
Basham, Ringe y Correa, S.C.
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On March 9, 2018, the federal Executive branch, published in the
Federal Official Gazette (Diario Oficial de la Federación)
the Financial Technology Institutions Law (Ley de Instituciones de
Tecnología Financiera) ("Fintech Law"), which will
become in force on March 12, 2018. The Fintech Law regulates
Collective Financing Institutions (crowdfunding), Electronic
Payment Institutions (electronic wallets), Innovative Companies
(sandbox models), and provides the use of cryptocurrencies which
have been previously authorized by Mexico's Central Bank (Banco
de México).
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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