Mexico passes law to regulate cryptocurrencies and FinTech firms

The Mexican Senate has approved a bill to regulate the use of FinTech, including crowdfunding and cryptocurrency firms.

According to Reuters, the bill cleared the upper house of the Mexican legislature and is expected to pass a final vote in the lower house, the Chamber of Deputies, by 15 December.
The bill seeks to promote financial stability and defend against money laundering and financing of extremists.

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