Chile passes fintech bill

Chile passes fintech bill

Corporate & Sovereign Strategy Economy & Policy Chile Technology

Chile’s Congress passed a bill to create a regulatory framework for the country’s financial technology sector in an effort to foster competition with the banking sector and drive down the cost of financial services. The legislation will give fintech firms a stronger legal footing with which to expand operations while at the same time inspiring more trust among investors and consumers, according to a statement from Congress. Under the supervision of the Financial Markets Commission, fintech comp

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