Fintech industry debates its future between growth and regulation: ‘The ecosystem is here to stay’
Translated from Spanish and summarized by DistantNews. Read the original for the full story.
At a glance
- More than 200 experts met in Buenos Aires to discuss the growth prospects and regulatory challenges facing Argentina’s fintech industry.
- Marval chairman Gustavo Giay said fintech had become essential to investment and should not face excessive regulation.
- CNV President Roberto Silva presented a regulatory simplification package called “Big Bang,” highlighting virtual-asset providers and tokenization.
Argentina’s fintech sector gathered for the second edition of Marval FAST, where more than 200 local and international experts debated the industry’s future between technological expansion and regulation.
Gustavo Giay, chairman of Marval, opened the event alongside Juan M. Diehl Moreno, the firm’s partner and head of its fintech department. Giay said, “It is undeniable that the fintech ecosystem is here to stay. It is a tool to energize the investments our country needs: we cannot do without it or suffocate it with overregulation. Finding logical balances is the way forward.”
He said the combination of technology, talent and entrepreneurial spirit had changed how people pay, invest, finance projects, conduct business and access financial services.
It is undeniable that the fintech ecosystem is here to stay. It is a tool to energize the investments our country needs: we cannot do without it or suffocate it with overregulation. Finding logical balances is the way forward.
Roberto Silva, president of Argentina’s National Securities Commission, led the discussion on regulation. He described the commission’s reform and simplification effort as “Big Bang,” highlighting the regime for virtual-asset service providers and progress on tokenization, including General Resolution 1150.
“We are promoting a before and after in the history of Argentina’s capital market,” Silva said. He added that the reform seeks to remove bureaucracy, simplify rules and create a more agile, dynamic and competitive market. The commission’s goals include expanding the market while protecting investors, helping more companies obtain financing and giving chief financial officers greater freedom over when to enter the market. The event also examined the future of crypto and the global payments infrastructure, with Mercado Libre fintech legal vice president Horacio Liendo identifying distribution channels as the industry’s competitive advantage.
We are promoting a before and after in the history of Argentina’s capital market.
Originally published by La Nación in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.