There is an increasing interest in this type of services.
If the identification services described above are for the benefit of an entity which is under the control of the CBU, it may be deemed that the same is an outsourcing of services of such entity and therefore an authorization of the CBU would be necessary.
If the identification services, are electronic signature and tokens, that have been instated through Law 18.600 and the regulatory Decree, a license would be required.
According to section 18 of Law 18.600, all electronic certification services provider must:
- Abstain from demanding, taking knowledge or accessing under any circumstance to the creation of the electronic signature done by the users certified by the own provider.
- To provide to the requirer, prior to the expedition of the electronic signature, a set of minimum information done without cost and through physical or electronic format.
Other identification services not included within the scope of the above reference regulations do not require any type of license.
No data available.
Our Government has taken a particular interest in regulating and promoting FinTech and different technological projects in the country regarding finance, as well as the identification and electronic signature, through modern regulations and legislation, specifically through dispositions and regulations of the CBU and national laws. Such actions are planned to continue in the present year and in the near future.