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General

Mexico set to unveil bill to regulate fintech firms

Tuesday 19 September 2017 | 13:56 CET | News

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The Mexican government is about to unveil a proposed bill to regulate the country's fast-growing financial technology sector, boosting competition in the sector and reducing costs to users, reports Reuters. "This (legislation) recognises the need that a sector as dynamic as that of technological innovation needs a regulatory framework that allows authorities to mitigate risks and allow for growth in a competitive environment," says the draft bill seen by Reuters. Other objectives include the need to ensure financial stability and defend against money laundering and financing of extremists.

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Categories: General
Countries: Mexico
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