Mexico is at a cryptocurrency regulation signing, after a law passed its position on Thursday, Reuters reports on March 2nd.

new resolutions on fintech more generally, including crowdfunding and various aspects of cryptocurrency business, the bill now requires only a signature of President Enrique Pena Nieto before it becomes law.

The exact details applicable to crypto companies will be specified at a later date as so-called "secondary" laws, the current incarnation of the bill containing more generally accepted information when it was approved by the Mexican Senate December 5 last year.

" will give fintech companies greater regulatory security over issues such as crowdfunding, payment methods and the rules surrounding cryptocurrencies h as bitcoin ."

] Mexico joins a small group of major jurisdictions applying strict rules to cryptocurrency.

" For us, it was a victory for the sector, because that is done internationally ", Felipe Vallejo, director of public and regulatory policy at the Bitso local stock exchange told Reuters in December.

This year has been marked by an increase in the efforts of governments around the world to regulate cryptocurrencies.

South Korea's hasty attempts to bring order to the market have so far achieved mixed success. This week, Singapore's central bank also announced that it "valued" its cryptocurrency environment to see if regulation was needed for "investor protection."