THE globe

CU News From Around the Planet

MEXICO CITY, Mexico—Mexico’s Senate has approved a bill that would regulate the country’s fast-growing financial technology sector, including crowdfunding and cryptocurrency firms, paving the way for a vote by the lower house.

LONDON—The European Commission approved rules this week to increase competition and toughen up security in how people pay for goods and services across the European Union, pitting banks against financial technology firms, Reuters reported.