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🇲🇽 Mexico

CNBV / Banxico, IFPE route; no dedicated crypto licence

Crypto (CASP / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 47 days ago (verified 2026-07-01). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

Licence type

No dedicated public-facing crypto licence. Ley Fintech (2018) offers the IFPE (e-money institution) and IFC (crowdfunding) routes; virtual-asset operations by regulated entities need Banxico authorisation (internal-only, effectively not granted for customer crypto).

Verified 6 weeks agoSource: Ley Fintech (LRITF): https://www.diputados.gob.mx/LeyesBiblio/pdf/LRITF.pdf

Regulator

CNBV authorises/supervises ITFs (with the Comite Interinstitucional); Banco de Mexico (Banxico) controls virtual-asset authorisations and payments; SHCP/SAT/UIF for AML; CONDUSEF for consumer protection.

Verified 2 days agoSource: CNBV - ITF authorisation process: https://www.gob.mx/cnbv/acciones-y-programas/proceso-de-autorizacion-y-guias-de-las-instituciones-de-tecnologia-financiera-itfs

Recent changes

Major AML Law reform enacted 16 Jul 2025 (VASPs serving Mexican residents in scope; Travel Rule; 10-yr records). Banxico (Dec 2025) reiterated stablecoins pose financial-stability risks. A Fintech Law 2.0 is discussed but NOT enacted. On 6 May 2026 Senator Alejandro Murat introduced a Senate bill to regulate peso-pegged stablecoins (Activos Virtuales Estables), restricting issuance to authorised ITFs and credit institutions under Banxico supervision; it remains a bill before committee, not enacted law.

Verified 16 days agoSource: Mexican Senate Gaceta Parlamentaria, initiative of 6 May 2026: https://infosen.senado.gob.mx/sgsp/gaceta/66/2/2026-05-06-1/assets/documentos/Ini_Morena_Sen_Alejandro_Murat_activos_virtuales_Moneda_Nacional.pdf ; Global Legal Insights 2026 - Mexico: https://www.globallegalinsights.com/practice-areas/blockchain-cryptocurrency-laws-and-regulations/mexico/

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Mexico's regulator and qualified local counsel before acting.