Mexico Compliance Report

Regulatory Overview

Regulatory Status

Outright ban on crypto ownership, trading, or mining

Key Regulator(s)

Ministry of Finance and Public Credit, National Banking and Securities Commission, Tax Administration

Primary Legislation

AML/CTF Law (Ley Federal para la Prevención e Identificación de Operaciones con, Fintech Law (Ley para Regular las Instituciones de Tecnología Financiera): Defin, Fintech Law (2018): Regulates FTIs handling virtual assets. https://www.diputado, Federal AML Law (as amended 2018): Covers virtual asset transactions. https://ww, Fintech Law, Fintech Law (2018): Core framework introducing virtual assets, granting Banxico, AML Law Reforms (LFPIORPI, July 2025): Expanded obligations for non-financial vi

Travel Rule

Not adopted

Tax Reporting

Individuals: Progressive rates from 1.92% to 35% on net gains (disposal proceeds minus inflation-adjusted acquisition cost, using FIFO, identified cost, or average cost methods); no loss deductions allowed; annual exemption on movable property gains up to MXN 1,829,811.95 (~USD 90,000–100,000, varying by source and year).. Corporations: Flat 30% rate on all income, including crypto; monthly advance payments based on profit quotient; accrual basis recognition.. Advance payments: Individuals withhold 20% on gross amounts over MXN 4,623,324.86; corporations follow general monthly rules.. Individuals: Report gains on annual tax return (Declaración Anual, due April) via Schedule 5 (capital gains) or Schedule 1 (mining/staking); retain records 5 years; track worldwide income.. Businesses/Corporations: Monthly ISR advance payments; separate declarations if transactions exceed MXN 50,000 (~USD 2,700) per Fintech Law; accrual accounting; expense deductions (e.g., mining electricity) require documentation.

Key Facts

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