A 1-minute tour of the state of fintech regulation in Latin America
These blockchain projects have the potential to revolutionize finance in the region
Two-thirds of Chileans have a bank account, making it one of the most-banked Latin American markets. The number of checking accounts in the country tripled, to 21 million, in the 10 years to the end of 2016.
Should tech companies be regulated by financial authorities?
No: Any financial services they offer are minor ancilliary business
Maybe: If they seek a banking license
Yes: Any company offering credit or payments should be monitored by financial regulators