Colombian Decree 2443 of 2018 , issued on December 27, will allow financial companies to invest in fintech startups, as long as the startups have no financial holdings in those same…
Regulatory
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A presidential decree in Brazil will ease foreign investment into credit-related fintechs. Previously, financial services companies with foreign capital could only operate in Brazil by presidential decree. Now, for companies with foreign capital that are working on credit and lending, such a decree is no longer needed.
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Colombia Studies Bill That Will Allow Financial Institutions To Invest Directly in Fintech Companies
27 September 2018The Colombian government published a bill that will allow financial institutions to invest directly in fintech companies.
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Chile Launches Agency to Promote Investment
10 August 2018Chilean President Sebastián Piñera launched the National Office of Productivity and Entrepreneurship (OPEN) to reduce bureaucracy, simplify regulations and encourage investment in the country.
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The Brazilian lower house of Congress voted to approve lighter regulation on car-hailing apps such as Uber and Cabify. The approved amendments eliminated requirements such as needing to use taxi-style…
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The Argentina Data Protection Agency (Dirección Nacional de Protección de Datos Personales or “DNPDP”) posted online a draft bill for a new data protection act. The changes introduced by the…
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2017 Brazil Fintech Regulatory Breakdown: Crowdfunding, Blockchain & Crypto (em português)
14 November 2017Law firm Baptista Luz shares the status of several regulatory issues in Brazilian fintech, including crowdfunding, online lending and blockchain, and crypto-asset public sales (ICOs). (Baptista Luz) Introdução: O Brasil…
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Argentina to Allow Investors to Deduct Up to 85% of Profits per Ley de Emprendedores (en español)
9 November 2017Argentina’s Ministerio de Producción finalized Impuesto a las Ganancias, one of the conditions of Ley de Emprendedores, a which will allow investors in businesses to deduct between 75%-85% of profits.…
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Chile Launches New Social Impact Bond (en español)
5 November 2017Fundación Impacta and the Chilean Ministry of the Economy have partnered to launch Chile’s first Social Impact Bond. (Economía y Negocios) Creados en Inglaterra, a la fecha mueven aproximadamente US$…
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Mexico’s National Commission of Savings and Retirement, CONSAR, announced new laws to reduce restrictions on Afores’ investments in Certificados de Capital de Desarrollo (CKDs). The laws will be officially published…