Fintech can become a provider of technology to the sector, including to stock exchanges. The important thing is to first have a strong primary legislation, which was already published. I think this will allow fintech companies to grow in an orderly and uniform way, so no incident happens that may smear the name of the rest of the industry. The aim of the fintech regulation is to add value. Fintech sounds very nice but obtaining the financing for it is not so simple, so we have been talking with those companies that want to obtain funding to grow through the BMV. We are having the same conversation with various sectors which do not have access to financing or that find it difficult to find it. One such sector is Sofomes in Mexico. We have an agreement with ASOFOM and we have been able to help many Sofomes, small and large alike, to access funding through the BMV in the capital and debt markets.
The challenge that authorities and the financial ecosystem face is finding an adequate balance that protects consumers and encourages innovation.
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Bitso, founded in 2014, is a Mexican online platform for the exchange of digital currencies like Ethereum and Bitcoin
Co-Founder and President
In 2014, in a good month, the number of bitcoin transactions on exchange platform Bitso amounted to MX$4 million.