Miranda’s Weekly Mex FinTech Monitor
June 19, 2023
Mexico FinTech News
Mexican congressman calls for crypto regulations
Congressman Mauricio Prieto from the Partido de la Revolución Democrática party presented draft legislation calling upon Mexico’s Central Bank to regulate digital assets. The proposal was sent to the Finance and Public Credit Commission, which will issue a recommendation. According to a report from Finder, 15% of Mexicans are believed to hold cryptocurrencies.
Beincrypto, 06/16/2023, Eduardo Venegas: Diputado mexicano impulsa iniciativa para que Banxico regule las criptomonedas
Nu makes its first stumble with regulators
Nu allegedly modified its credit card contracts without notifying Mexico’s consumer protection bureau Condusef, in its first known run-in with Mexco’s regulatory authorities. The regulatory body warned that this could lead to the nullification of the new contract. According to a company statement, Nu has stopped using the contract in question which only applied to a new product with only a limited number of clients. Per Mexican law, the company could be subject to a fine. Meanwhile Nu hired Marcela Torres from Uber to be its new Colombia CEO.
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