Congress and Banco de México, with the participation of multiple entrepreneurs and the Banking industry, the Ley para Regular las Instituciones de Tecnología Financiera [Law for the Regulation of Financial Technology Institutions] (“FinTech Law”) was enacted, which was the first specialized law in the region. Like the rest of the laws of the financial sector, this law provides a framework for new activities allowed in the financial sector. The FinTech Law has as its principles the promotion of financial inclusion and com- petition, the protection of the consumer, the preservation of financial stability and the prevention of illicit operations (see figure 4). The FinTech Law covers a very broad spectrum, of which we offer some insight in terms of its main potential implications at the industry and customer level. PICTURE 4 Principles governing the FinTech Law Preservation of financial stability Financial inclusion and innovation Consumer protection Prevention of money laundry Promotion of competition Source: Dirección de Desarrollo Regulatorio [Regulatory Development Bureau], CNBV A TWO-WAY PATH 24