Mexico was at the forefront of the regulation of financial technological institutions in Latin America, with the promulgation of the Fintech law in 2018. This law legalized virtual assets, including cryptocurrency, and prepared the ground for the development of the regulatory framework in 2025.
In 2025, Mexico did not introduce any new laws related to cryptography, but developed an improved framework for fintech and digital assets, focusing on consumer protection and financial stability. The main developments include the creation of “digital agents” in July 2024, which established a new type of bank to offer publicly digital active services. In addition, Bitso, a significant cryptocurrency exchange, helps shape the regulatory landscape of digital assets since February 2024.
The Bank of Mexico, or Banxico, is the main regulator of the crypto in the region. He actively works on the development and implementation of a digital currency, which should be published by the end of 2025. This digital currency aims to extend financial inclusion by giving access to digital payment methods for people who are not able to access those traditional. Banxico also guarantees compliance with anti-white (LAM) regulations and prohibits banks to process virtual assets directly.
Mexico has not yet obliged specific crypto licenses, but the entities dealing with crypto and other virtual assets must register with the Comisión Nacional Bancaria Y de Valores (CNBV). These entities must comply with the LMA and other compulsory regulations to provide services related to crypto.
In terms of taxation, Mexico has no specific cryptographic laws, so that the National Tax Law applies. The profits from the sale of the crypto are treated as an income from the sale of goods and are subject to income tax up to 35% for individuals and 30% for legal entities. An added value tax (VAT) of 16% applies to services or goods exchanged against Crypto, according to the classification of the transaction. If a cryptographic transaction exceeds US $ 12,500, the buyer must retain 20% and pay him directly to the tax authority. Digital platforms facilitating cryptographic transactions may also be necessary to retain the tax in the name of the user.
The rate of adoption of cryptography in Mexico should reach $ 985.5 million by 2025, with around 15 million cryptography users. The total population of Mexico is 129.7 million, including 37% of cryptographic investors are aged 25 to 34 and 22% for the rest of the age group. A report published in March reveals that 74% of crypto users in Mexico are men. The estimated evaluation under penetration should reach 12.93% and should reach 9.80% by 2033.
Mexico is one of the Latin American countries which is currently focusing on improving the regulatory landscape of cryptocurrency and digital assets. By maintaining the stability of cryptocurrency with a robust legal framework and by stimulating security regulations, Mexico is ready to become a significant crypto center in the world landscape.
