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Mexico

MX / MEXLegal — Regulated

Ley Fintech (2018) regulates ITF (Instituciones de Tecnología Financiera). Banxico restricted VAs to internal operations only (not for customer payments). Limited public crypto use officially permitted.

Key Regulations

Ley Fintech (2018)Circular 4/2019 Banxico — restricted virtual assets

Regulatory Context

Crypto assets are legal in Mexico under applicable regulatory frameworks. Exchanges and service providers typically require registration or licensing with CNBV / Banxico. AML/KYC obligations apply to virtual asset service providers (VASPs) under FATF guidance.

Regulatory Profile

Primary Regulator

CNBV / Banxico

Official site

Currency

MXN

MiCA Applies

FATF Member

Yes

OFAC Sanctions

None

G20 / OECD

G20 · OECD

SL-1 API Call

{
  "action": "place_order",
  "actor": {
    "declared_jurisdiction": "MX"
  }
}

Expected verdict

COMPLIANT

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Other Legal — Regulated Jurisdictions