Crowdfunding which includes both

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It is important to note that the Bank of Mexico is not obliged to exchange virtual assets for legal tender, in any of its forms. That is to say, said exchange would have to be carried out in the open market between people or exchange houses. The authority is careful for the moment not to recognize these assets as legal tender, nor is the Bank of Mexico a lender of last resort for these assets.

Crowdfunding
crowdfunding and peer-to-peer lending, typically occurs on online platforms that charge a fee in exchange for connecting people who want funding with people who are willing to lend money.

The authorities clearly place great emphasis on ensuring that institutions thailand email list providing these services are transparent, and require that users be warned of the risks involved in providing services, the methods for selecting beneficiaries, and prohibiting harmful practices such as lending to related parties, among others.

An interesting case not yet foreseen in the Fintech Law is the combination of digital assets and collective financing, as is the case of Initial Coin Offerings (ICOs). This is a mechanism through which startups avoid the regulations required to finance their projects, accessing a global market of investors and making their participation transparent through a distributed accounting record, based on a specific cryptocurrency for their purpose. While it is true that ICOs have been used countless times to carry out fraud, which is why they have a bad reputation, the technology that supports them is not vulnerable. The problem is that there are, in general, few elements to verify the seriousness of the ventures that will be supported.