PANews reported on June 16th, citing La Política Online, that Mexico's fintech industry is seeking reforms to the "Fintech 2.0 Act" under the leadership of Ángel Cabrera, the new head of the National Bank and Securities Commission (CNBV). The industry believes the Fintech Law passed in 2018 is no longer keeping pace with innovation, leading to bottlenecks in the approval process and necessitating clearer and more flexible regulatory standards. Key demands include expedited authorization processes, implementation of tiered risk management, conditional authorization, and comprehensive regulation of open financial models.

Regarding crypto assets, Mexican financial authorities currently maintain restrictions on such instruments, despite the continued growth of the global crypto market. The industry is seeking progress in crypto asset regulation, hoping to establish clearer rules. Furthermore, the industry hopes to promote hybrid models that allow the integration of services such as payments, credit, and insurance on a single platform. Experts point out that approximately 85% of transactions in Mexico are still conducted in cash, and a large portion of the population remains untapped by the traditional financial system; updated regulations could help accelerate financial inclusion.