Mexico Pushes for Fintech 2.0 Act Reforms to Establish Clearer Crypto Asset Regulations

According to La Política Online, Mexico's fintech industry is pushing for reforms to the Financial Technology 2.0 Act under newly appointed CNBV head Ángel Cabrera today (June 16), seeking to establish clearer crypto asset regulations. Industry groups argue the 2018 Financial Technology Law can no longer keep pace with innovation and has created approval bottlenecks, citing the need for more flexible regulatory standards including faster authorization processes, tiered risk management, and conditional licensing.

Financial authorities currently maintain restrictions on crypto assets despite global market growth. The industry is seeking progress on crypto asset regulation while also pushing for mixed business models that would allow platforms to integrate payments, credit, and insurance services on a single platform.