A new law was introduced earlier this year by the Bank of Mexico, which entailed Mexican blockchain startups to apply for an operations license within the country. The reason why startups had to apply was due to the blockchain’s affiliation with finances, therefore classifying them as financial services providers. However, the law had not been fully implemented until only recently reports started coming in from Mexican media outlets about some blockchain startups that could ultimately halt their operations. The license comes with multiple costs, as monetary compensation is requested alongside experts that will ensure the startup’s compliance. This may sound