#CryptoRegulation A specific regulation could trigger the growth and adoption of cryptocurrencies in both the financial and business sectors, according to executives at Binance, one of the leading cryptocurrency exchange platforms globally. Although the current legal framework does not prevent the operation of these platforms, there is a significant opportunity for development with appropriate regulation that facilitates their integration with the traditional financial system.
In the latest Financial Stability Report published by the Bank of Mexico, it is noted that the central bank's policy will continue to maintain a "healthy distance" between Virtual Assets (VA) and the traditional financial system, a stance that has been upheld since 2021.
the adoption of cryptocurrencies in both the financial and business sectors, according to executives at Binance, one of the leading cryptocurrency exchange platforms globally.
A specific regulation could trigger the growth and adoption of cryptocurrencies in both the financial and business sectors, according to executives at Binance, one of the leading cryptocurrency exchange platforms globally. Although the current legal framework does not prevent the operation of these platforms, there is a significant opportunity for development with appropriate regulation that facilitates their integration with the traditional financial system.
This openness creates the possibility of diversifying the business models of fintechs, a reality today; for example, in Brazil we see banks offering services with cryptocurrencies to their users. We know that these models are exploring new ways of monetization and added value. In contrast, in Mexico, there is a clear mandate to maintain a 'healthy distance' between the financial services sector and the virtual assets sector.