Mexico pushes to overhaul regulations for crypto and open finance

Mexico's financial regulator, the National Banking and Securities Commission (CNBV), is pushing for a regulatory overhaul to cover open finance, cryptocurrencies, and new business models, La Politica Online reported. The Latin American political and economic media outlet noted that Mexico's fintech industry has argued that current regulations have failed to keep pace with technological innovation, creating bottlenecks. Dialogue between the authorities and the industry has reportedly expanded since CNBV Chairman Ángel Cabrera took office last September.