The global issue of digital currencies has been a controversy in the level of acceptance, regulation or in some cases the prohibition in some nations, in which as information data it is necessary to disseminate information so that users and people who handle this type of virtual currencies to know what are the legal measures or consequences that may have if they violate any of the rules or restricted laws of each country, since many are worried that the activity of this currency in the market will have some negative consequences in their economy and can give variability in its economic stability.
Recently, the government of the United Mexican States, has given the information that approved a new law of regulation of cryptocurrencies, which has been called the FINTECH law that is aimed at regulating financial technology institutions. In which more specific secondary laws will be created for each case of financial institutions.
Actually, the law of fintech will regulate not the cryptocurrencies, but the institutions that manage them; which will be based on four specific objectives that are:
- Virtual assets, that is, referred to digital currencies.
- The financial advice of the same.
- The collective financing of investors.
- Electronic payments.
The information is handled that in article 30 of the fintech law the elements of definition of the criteria evaluated by the same are indicated. As one of the main ones, we have the definition of VIRTUAL ASSET, which is "virtual representation is considered the value representation electronically registered and used among the public as a means of payment for all types of legal acts and whose transfer can only be carried out through electronic means"
In which the regulation of cryptocurrencies is directed only to financial and banking institutions, that is, it will not regulate the use of cryptoactives in individuals.