---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "north_america", "fatf", "restricted"]
aliases: ["MX", "MEX", "México"]
created: 2026-04-13
updated: 2026-01-05
compile_into: ["[[country--mexico]]"]
sources:
  - name: "Government of Mexico - Fintech Law"
    url: "https://www.gob.mx"
    type: "official"
  - name: "Diario Oficial de la Federación"
    url: "https://www.dof.gob.mx"
    type: "official"
---

# 🇲🇽 [[country--mexico|Mexico]] (MX) — Crypto Regulation

> Mexico has a restricted regulatory stance on cryptocurrency, governed primarily by the Ley Fintech (2018), which imposes significant limitations on crypto activities.

## Overview

| Field | Value |
|-------|-------|
| Status | Restricted |
| Risk Score | 35/100 (Moderate Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--north-america|north america]] |
| Currency | [[entity--mxn|MXN]] |
| Adoption Rank | #12 |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 10% on stock exchange gains; up to 35% progressive rate on other crypto gains |
| Capital Gains (Corporate) | 30% corporate tax |
| VAT on Crypto | No |

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--cnbv|CNBV]] |
| Framework | Ley Fintech (2018) |
| Ease | medium |
| Cost | $50,000 - $300,000 |
| Timeline | 6-18 months |

Licensing is required under Ley Fintech for crypto service providers, with moderate difficulty in obtaining licenses.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | Yes |
| FATF Status | compliant |

## DeFi

**Status:** Restricted

DeFi activities face regulatory restrictions under current Mexican law, limiting their operation.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the Ley Fintech framework with specific compliance requirements.

## NFTs

**Status:** no_rules

No NFT-specific regulation.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.078/kWh |
| Renewable Energy | 26% |
| Climate | temperate |
| Infrastructure | good |

Mining is legal with moderate electricity costs and a good infrastructure environment.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 31/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | moderate |

## Enforcement

CNBV has taken action against unlicensed fintech operators. CONDUSEF has issued consumer warnings about crypto risks.

## CBDC Status: exploring

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [Government of Mexico - Fintech Law](https://www.gob.mx)
- [Diario Oficial de la Federación](https://www.dof.gob.mx)