Regulatory Alerts2021-04-23 | DOF 5616654Added · Updated
Authorization for the Organization and Operation of BKBN, S.A.P.I. de C.V., Electronic Payment Funds Institution
The National Banking and Securities Commission authorizes XHASH, S.A.P.I. de C.V. to organize and operate as an Electronic Payment Funds Institution named BKBN, S.A.P.I. de C.V. The authorization imposes a minimum initial social capital of 500,000 Investment Units and requires the institution to commence operations within six months of notification. The entity is subject to supervision by the Commission and the Bank of Mexico and must comply with the Law for the Regulation of Financial Technology Institutions and related general provisions.