The privacy considerations around the financial technology industry are growing as a wider range of products and services is developed to allow users to digitally make payments, obtain financing, invest and beyond. Costa Rica does not have fintech-specific regulations, but companies providing or utilizing services must abide by the existing overarching regulations. Arias Law Associate Desirée Barahona Mata explores privacy- and cybersecurity-specific regulations in Costa Rica and surrounding regions that need to be taken into account.
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