2023 New Value Report

Ripple Applauds Mexico’s Lower House of Congress for Passing FinTech Rules

Statement by Ryan Zagone, Director of Regulatory Relations at Ripple

“Ripple applauds Mexico’s efforts to drive regulatory clarity for fintech and digital assets. The fintech bill creates a pivotal opportunity to create rules that ensure safety and soundness, while enabling a new generation of financial services.”

“Digital assets have great potential to lower payment costs and increase financial inclusion, especially when leveraged as FX tools by banks. We urge regulators to consider emerging enterprise use cases of digital assets as the bill is signed into law and the regulations take shape.”

For more on Ripple’s official position and policy recommendations click here.


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