Policy Reference

Mexico Crypto Regulation

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

Banco de México, Banxico
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Topic
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Law database

13 law profiles

Law / Bill
Draft Intro Committee Passed Enacted Effective
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

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