Crypto Regulations in Mexico 2025

Crypto Regulations in Mexico

The post Crypto Regulations in Mexico 2025 appeared first on Coinpedia Fintech News

Mexico is one of the first countries in Latin America to enact laws regulating financial technological institutions, also known as fintech law. With no specific cryptocurrency law, Mexico continues to evolve its regulatory systems in 2025, impacting financial institutions and individuals in the crypto space. Since 2018, the Mexican government has legalized virtual assets, including cryptocurrency, through the Fintech Law. 

Table of contents

  • Overview of Crypto Regulations in Mexico
  • What is the Mexican government saying about crypto?
  • Crypto License in Mexico 2025
  • Crypto Tax in Mexico
  • Crypto adoption rate in Mexico
  • Endnote
  • FAQs

Overview of Crypto Regulations in Mexico

As of 2025, Mexico has not introduced any new crypto-related law; however, it is developing an enhanced framework for fintech and digital assets laws, focusing on consumer protection and financial stability.  

DateLaw/ Regulation Details
July 11, 2024Creation of ‘Digital Agents’Establishing a new type of banking to publicly offer
February 2024Bitso proposal Bitso contributes in shaping the regulatory landscape of digital assets
June 7, 2023National Code of Civil and Family ProceduresLocal government will fully adopt the code by April 1, 2027
April 2022Peso Digital CurrencyBanxico to soon implement peso digital currency as part of long-term payment strategy
February 2022Bill to create Central Bank Digital Currency (CBDC)Senator Kempis set to make Bitcoin legal tender
August 2021Tightening of AML regulationsEnsuring compliance with the anti-money laundering legal framework
June 2021Reiterating, crypto is not legal tenderThe finance minister warned that crypto is not legal tender, and local financial institutions are not authorized to operate virtual assets 
July 2019New rules for Fintech LawNew rules were introduced for robust crypto regulations
March 2019Circular 4/2019Banxico prohibits banks from directly dealing with virtual assets
September 2018Blockchain to track public bidsBlockchain-based project to reduce corruption in bidding for government contracts
March 9, 2018Fintech Law passedFinancial entities, including digital assets, can be authorized by Banxico
December 2017Proposal of fintech lawThe government announced its plan to introduce a fintech law
March 2014Banxico issued a warningBanxico warns about the risks of virtual currencies

What is the Mexican government saying about crypto?

The Bank of Mexico is the primary regulator of crypto in the region; Currently, it is focusing on maintaining digital asset transactions and ensuring AML compliance. 

Digital currency:  

  • Banxico is actively working on the development and implementation of digital currency in the country, which is expected to be released by the end of 2025.
  • This approach aims to expand financial inclusion by providing access to digital payment methods for individuals who are unable to access traditional ones. 

Innovation and Stability

  • Mexico is set to evolve its financial regulatory framework and integrate it with technology to explore digital currency and blockchain applications. It is also ensuring the safety and transparency standards for consumers to balance stability with innovation. 

Crypto License in Mexico 2025 

Mexico has not mandated any specific crypto licenses yet; however, the entities dealing with crypto and other virtual assets must register with the Comisión Nacional Bancaria y de Valores (“CNBV”). 

Entities that desire to offer any crypto-related services must comply with anti-money laundering (AML) and other mandatory regulations. 

Crypto Tax in Mexico

Mexico does not have any specific crypto laws, therefore, the general national tax law applies to it. In 2021, the Mexican tax Ombudsman confirmed that profits from crypto should be treated as income from the sale of goods. 

  • Income tax: Selling crypto for profit in Mexico is equated with selling any assets for profit. Thus, it is subject to income tax up to 35% for individuals and 30% for legal entities.
  • VAT: Provisioning services or the sale of goods in exchange for crypto triggers VAT; 16% VAT is required, depending on the classification of the transaction. 
  • Large transaction: If the crypto transaction exceeds US$12,500, the buyer is required to withhold 20% and pay directly to the tax authority. 
  • Digital platforms facilitating crypto transactions may be required to withhold the tax on behalf of the user. 

Crypto adoption rate in Mexico

  • Users: It is expected that during 2025, Mexico’s cryptocurrency market will reach $985.5 million, crossing the rate of 15 million crypto users in the region. 
  • Age ratio: The total population of Mexico is 129.7 million, among which 37% of crypto investors are aged 25-34, and 22% for the rest of the age group. A report released in March reveals that 74% of crypto users in Mexico are men. 
  • Penetration rate: The estimated under penetration is expected to reach 12.93% and is anticipated to grow up to 9.80% by 2033. 
  • Crypto holdings: It is not disclosed yet; the Mexican government prioritizes releasing a government-backed digital currency (CBDC).  

Endnote

Mexico is one of the countries in Latin America that is currently focusing on enhancing the regulatory landscape for cryptocurrency and digital assets in the region. I believe if Mexico maintains this stability of cryptocurrency with the legal framework and boosts the security regulations, then in no time, it will be posing as a crypto hub in the global landscape.

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FAQs

Is cryptocurrency legal in Mexico in 2025?

Yes, virtual assets including cryptocurrency are legal in Mexico through its Fintech Law. However, crypto is not considered legal tender and financial institutions need Banxico’s approval for operations.

How are capital gains taxed in Mexico?

Profits from selling crypto in Mexico are treated as income from the sale of goods. Individuals are subject to income tax up to 35%, while legal entities face a 30% tax rate.

What is the crypto tax in Mexico (beyond capital gains)?

VAT (16%) applies to services or goods exchanged for crypto, depending on classification. If a crypto transaction exceeds US$12,500, the buyer may be required to withhold 20% and pay it to the tax authority.

Which government body handles crypto regulation in Mexico?

The Bank of Mexico (Banxico) is the primary regulator, focusing on digital asset transactions and AML compliance. The Fintech Law also involves other bodies like the Ministry of Finance and Public Credit and the National Banking and Securities Commission.

What is the Bank of Mexico’s (Banxico) role in crypto?

Banxico is the primary regulator focusing on digital asset transactions and AML compliance. It prohibits banks from direct crypto dealings, but is actively developing a peso digital currency (CBDC) expected by late 2025.

Source: https://coinpedia.org/cryptocurrency-regulation/crypto-regulations-in-mexico-2024/