Jurisdiction Regulation Intelligence

Mexico Crypto Regulation

Explore Mexico’s crypto laws, including fintech rules, exchange oversight, taxes, AML compliance, and digital asset regulation.

Banco de México, Banxico
Status
Topic
Law Type
Asset Class

Law database

14 law profiles

Law / Bill
Draft Intro Committee Passed Enacted Effective
Mexico Income Tax Act Crypto-Asset Tax Treatment DOF 11-12-2013; Última reforma DOF 01-04-2024 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Ley del Impuesto sobre la Renta

Mexico’s LISR applies general income and asset-disposal rules to crypto-related income and gains; no standalone crypto-tax chapter is identified in the statute.

Last action: Apr 1, 2024 - Latest LISR reform in official text

Profile Ley del Impuesto sobre la Renta (consolidated text)
Mexico VAT Law: Crypto Asset VAT Treatment DOF 29-12-1978; última reforma DOF 12-11-2021 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Ley del Impuesto al Valor Agregado

Mexico’s VAT Law applies a 16% VAT to taxable sales, services, use or importation of goods or services. No crypto-specific VAT rule was found in the text reviewed.

Last action: Nov 12, 2021 - Latest VAT Law reform in text

Profile Ley del Impuesto al Valor Agregado
Bank of Mexico Circular 4/2019 on Virtual Asset Operations Circular 4/2019 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Disposiciones de Carácter General Aplicables a las Instituciones de Crédito e Instituciones de Tecnología Financiera en las Operaciones que Realicen con Activos Virtuales

Bank of Mexico Circular 4/2019 sets conditions for banks and fintech institutions to conduct virtual asset operations only as internal operations, subject to prior Banxico authorization and risk controls. In force; amended by Circular 37/2020.

Last action: Oct 1, 2020 - Circular 37/2020 in force

Profile Circular 4/2019 compiled text
Bank of Mexico Virtual Asset Authorization Regime for Financial Technology Institutions and Credit Institutions Banco de México Circular 4/2019 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Disposiciones de carácter general aplicables a las instituciones de crédito e instituciones de tecnología financiera en las operaciones que realicen con activos virtuales

Banco de México Circular 4/2019 sets a prior authorization regime for Mexican ITFs and credit institutions to conduct internal virtual asset operations.

Last action: Oct 1, 2020 - Circular 37/2020 amendment in force

Profile Banxico consolidated Circular 4/2019

Information is for general purposes only and not legal advice. See full disclaimer.