Crypto Regulations in Mexico 2025

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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. 

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 DetailsJuly 11, 2024Creation of ‘Digital Agents’Establishing a new type of banking to publicly offerFebruary 2024Bitso proposal Bitso contributes in shaping the regulatory landscape of digital assetsJune 7, 2023National Code of Civil and Family ProceduresLocal government will fully adopt the code by April 1, 2027April 2022Peso Digital CurrencyBanxico to soon implement peso digital currency as part of long-term payment strategyFebruary 2022Bill to create Central Bank Digital Currency (CBDC)Senator Kempis set to make Bitcoin legal tenderAugust 2021Tightening of AML regulationsEnsuring compliance with the anti-money laundering legal frameworkJune 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 regulationsMarch 2019Circular 4/2019Banxico prohibits banks from directly dealing with virtual assetsSeptember 2018Blockchain to track public bidsBlockchain-based project to reduce corruption in bidding for government contractsMarch 9, 2018Fintech Law passedFinancial entities, including digital assets, can be authorized by BanxicoDecember 2017Proposal of fintech lawThe government announced its plan to introduce a fintech lawMarch 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.